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Transportation board budget to hold capital level; property-tax revenue expected to fall
Summary
The Speedway Public Transportation Board reported a projected drop in property-tax income from about $398,000 to $345,000 next year and plans to keep capital spending (sidewalks/radar signs) near prior levels while targeting sidewalk projects near bus stops.
The Speedway Public Transportation Board presented its 2026 operating budget to the council on Aug. 20, reporting a projected decline in property-tax revenue and plans to maintain its capital program focused on sidewalks and bus-stop areas.
Dean Butts, treasurer of the Transportation Board, told the council the board received just over $398,000…
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