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Council adopts tentative FY2026 budget with adjustments; water projects included in CIP
Summary
The Midway City Council adopted a tentative fiscal 2026 budget with adjustments discussed in the meeting, removed an ice-rink component after a grant denial, and discussed a proposed North Center Street water project with an estimated $1.88 million cost to be funded largely from the water fund and CIP.
Midway City Council adopted a tentative FY2026 budget with adjustments discussed during the meeting and scheduled a public hearing for the final budget. The council voted to approve the tentative budget after staff noted a handful of required adjustments and items for follow-up.
City finance director Nancy explained the packet included the monthly budget report required by state law and flagged several items: $72,002 (transferred to the CIP in the packet), a CIP year-end balance projected at $887,002.11 if projects proceed as listed, and a city policy that the Midway PTIF CIP account maintain a reserve equal to at least 35 percent of the five-year average CIP revenue. Nancy said the uncommitted amount in excess of that policy was about $195,725. She also said that the water fund balanced if the “vac truck” purchase were removed from the tentative budget.
Council members pressed staff on a line-item concern in the public works budget. One councilmember noted public works wages appeared nearly $200,000 over budget with roughly a month left in the fiscal year and asked whether there were funds elsewhere to cover the shortfall; staff said some wages had already been shifted to the water fund in prior adjustments but recommended a year-over-year comparison and a deeper review before final adoption.
The council discussed adding a North Center Street project that would address water system issues, including upsizing a line and tying cul-de-sacs into the network. City staff reported a combined cost estimate of $1,880,000 for the set of cul-de-sac, tie-ins and related work; staff said about 90–95 percent of that cost would be water-related, with a smaller portion going to burying power lines on Main Street to 250 North and some road costs. Council members and staff discussed scheduling and contractor availability; staff said the contractor was open to sequencing the work so Center Street would be completed first and other legs (including Bergey Lane) could follow, possibly the following spring.
Council also removed an ice-rink component (the “ring”) from the town square line item after staff confirmed the ring grant was not awarded. After adjustments and the discussion of projects to be finalized for public notice, a councilmember moved to adopt the tentative budget “as presented with the adjustments that were discussed.” The motion was seconded and passed by voice vote. The council then set a public hearing on the final FY2026 budget for June 17 at 5 p.m.
