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Committee reviews multiple budget transfers for water projects, bond premium allocations and improvement district assessments
Summary
The committee considered several budget ordinances to move TMUA water bond funds and other proceeds into citywide water main replacements and to adopt assessment roles for local improvement and tourism districts; public works staff said transfers will fund ongoing water main work and help close preexisting construction‑cost gaps in IoT projects.
The committee reviewed a set of budget and assessment items affecting water capital projects, street rehabilitation funding and improvement district rolls.
Key budget items discussed:
• TMUA water revenue and capital transfers: staff described transfers of $5,883,850.56 and $2,140,529.46 between projects within TMUA subfunds (presented as reallocations from projects that came in under budget to citywide main replacements and pump station work).
• Bond premium and supplemental appropriations: staff explained using approximately $873,000 in bond premium from recent debt issuances to help fund water main replacements and…
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