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Finance staff explain lower cash-capital request; council hears plan to use unspent project funds and selective bonding
Summary
Commissioner Mike Kennezera told Council the proposed FY26 budget reduces cash-capital appropriations to encourage departments to spend existing project balances; some items may instead be financed by bonds, and police vehicle replacement remains a planned recurring need.
During the April 15 budget hearing, Syracuse Finance Commissioner Mike Kennezera explained a significant reduction in proposed cash-capital appropriations in the FY26 budget and described a strategy to draw down unspent project balances before requesting new cash.
Ken- nezera said the drop from roughly $8.3 million in the capital plan to $2.1 million in the…
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