SPSA board adopts FY2026 operating and capital budget totaling about $53.4 million
Loading...
Summary
The Southeastern Public Service Authority approved its FY2026 operating and capital budget, holding municipal tip fees steady and increasing reserves for landfill construction while providing a 2% cost-of-living adjustment for staff.
The Southeastern Public Service Authority board of directors on May 28 approved the authority’s FY2026 operating and capital budget, which the executive director presented as balanced at just over $53 million.
Dennis Bagley, SPSA’s executive director, summarized budget highlights, saying the proposed budget represents a 1.8% decrease from the prior year, maintains the municipal tip fee at the current level, increases the designated fund balance for Flyover and Cell 7 construction by about $8.5 million, and includes a 2% cost-of-living allowance for employees. "A budget is your operational plan in financial terms," Bagley said while introducing the overview.
Bagley told the board the budget addresses a projected decrease in municipal waste volumes alongside increases in commercial waste and that tip fees remain the primary revenue source, producing roughly $49 million of revenues in the plan. Operating expenses for the year were shown at about $40.3 million, capital expenses at about $4.56 million and landfill reserves at $8.5 million.
A motion to approve the FY2026 operating and capital budget carried on a voice vote with no recorded opposition or abstentions. The board asked staff to continue monitoring volumes and revenues and to keep members informed of material variances from the forecast.
Ending: The adopted budget funds ongoing projects including Flyover construction, Cell 7 site work and continued operations while preserving the current municipal tip fee and adding reserves for upcoming capital work.
