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Cary warns vehicle and equipment fund may hit zero; plow truck and wood chipper purchases deferred
Summary
Staff told trustees the vehicle and equipment fund faces exhaustion at the end of FY26. Routine replacement requests — including a heavy plow truck and a wood chipper — were deferred and staff asked the board for guidance on funding options, such as a non-home-rule sales tax.
Village staff told the Cary board during the March 15 budget workshop that the vehicle and equipment fund is expected to be depleted at the end of FY26 unless a new revenue source is identified.
Administrator Morimoto and public works leadership said the village’s equipment-replacement program has relied historically on a mix of dedicated impact fees and fund balances. Those mining-related impact fees that once supported vehicle purchases have ceased, and staff forecast the vehicle and equipment fund reaching a zero balance in FY26. The proposed FY26 vehicle/equipment…
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