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City staff outlines 2026 budget options to address roads; commission hears loan and savings alternatives
Summary
Staff updated the Planning Committee on the 2026 tentative budget and options to fund a multi‑year roads plan without a municipal tax increase, including use of savings, a loan from Zions Bank, and an accelerated water‑enterprise loan for water‑related road work.
City staff updated the Woodland Hills Planning Committee Aug. 20 on the tentative 2026 budget and options to fund a multi‑year road maintenance program. Staff said the City Council has discussed alternatives that would avoid a municipal tax‑rate increase while addressing the city’s road needs.
Staff said a consultant study identified needed road work and that Public Works (Ted) assembled a seven‑year schedule to address all roads needing attention. Council options include funding the program from savings over seven years or securing a loan (staff cited Zions Bank as a possible lender) to accelerate work and repay debt over a shorter period. Staff said Zions Bank has not yet produced a firm interest rate and indicated it may take about a month to receive a solid loan quote.
A second staff speaker (Brian) said many of the roads work that is scheduled could be completed in two to three years if financing is available, and that some water‑related road projects would be financed through enterprise water loans. Council was expected to review budget alternatives at an upcoming meeting and could select a path that avoids a tax increase, staff said.
No final decision was made; staff asked the commission to note the options and prepare for public hearings on the tentative budget and any council decisions that follow.
