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Interlaken presents FY2026 budget amendments; council proposes using reserves to pay for road repairs
Summary
At a June 3 public hearing on Interlaken’s fiscal year 2026 budget, town staff proposed reallocating reserves and using capital funds for road repairs after higher-than-expected paving bids. Officials said no final budget adoption or tax vote was recorded at the hearing; a Truth in Taxation hearing is scheduled for August.
Interlaken town staff presented proposed amendments to the fiscal year 2026 tentative budget on June 3, recommending that the council use existing reserve funds rather than add to reserves this year to cover unexpectedly high bids for road repairs and patching.
The matter is central to the town’s near-term infrastructure work: staff said bids for crack sealing and patch repairs came back higher than estimated and that the council proposes to shift planned reserve transfers into road maintenance to complete urgent repairs.
The town administrator (identified in the transcript as Mark) told the council that a crack-sealing bid was roughly $32,000 and a patching/repair bid…
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