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Oak Ridge budget excludes a requested $700,000 maintenance-of-effort for schools; city continues land-bank work for affordable housing
Summary
City staff did not include a requested $700,000 maintenance-of-effort payment to the school system in the draft budget, citing competing capital needs; staff said affordable-housing activity continues via land bank and partnerships with the housing authority and CDBG funds.
City staff told council the draft budget does not include a requested $700,000 maintenance-of-effort payment to Oak Ridge Schools this year, citing competing capital needs and planned capital investments the city must finance.
Staff said the decision was driven by larger capital obligations, including water-plant debt and other municipal capital needs;…
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