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Aldermen assign FY24 local option tax proceeds to DPW paving, guardrails, concrete and capital reserve
Summary
The board approved four motions assigning FY24 1% option tax revenue to Department of Public Works projects and the capital reserve fund: $300,000 for paving, $25,000 for guardrails, $65,000 for concrete/precast, and up to $350,000 of remaining balance to the capital reserve.
The Rutland City Board of Aldermen voted Jan. 21 to allocate FY24 local option (1%) tax proceeds to specific Department of Public Works needs and to the city capital reserve fund.
Motions approved by voice vote assigned $300,000 of FY24 option tax revenue to DPW streets for paving in FY26; $25,000 to guardrails; $65,000 for concrete and precast work; and directed the remaining balance up to $350,000 to the capital reserve fund. Each motion passed with board assent; there was no recorded roll-call tally in the transcript.
Mayor Dunges moved the initial set of assignments and aldermen seconded several of the motions; discussion on each motion was minimal and centered on confirming the amounts and intended use. The board suspended rules to consider the assignments during the meeting.
The funds are drawn from FY24 option tax revenues (local 1% sales tax) and were described as part of earlier budgeting discussions and DPW committee recommendations. No additional conditions or contract awards were included in the motions on Jan. 21.
