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Bedford 4B board adopts FY2025–26 budget and authorizes immediate purchase of dump truck and asphalt drag box
Summary
The Street Improvement Economic Development Corporation approved the proposed FY2025–26 budget on July 1 and agreed to fund a $103,000 dump truck and a $12,000 asphalt drag box from current-year 4B funds; the vote was unanimous.
The Street Improvement Economic Development Corporation voted July 1 to adopt the proposed fiscal year 2025–26 budget and to accelerate two equipment purchases from the current-year fund balance: a dump truck replacement for $103,000 and an asphalt "drag box" for about $12,000.
Council member Fargo moved to accept the proposed budget and to fund the truck and drag box from the existing 4B fund balance; Director Otto seconded. The motion passed unanimously on a verbal vote recorded by the chair.
Assistant City Manager Karen Riggs presented the financial status through May 31 and noted modest sales-tax growth and solid interest earnings. "Sales tax revenue for May was a little over 384,000, which is…
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