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Timnath council advances rec-center financing, first readings on budget and sales-tax change
Summary
Council approved several first readings and budget steps to fund the new recreation center, including creating a special revenue fund, adding 4.5 FTEs and projecting a 2027 debt issuance of up to $14 million; a Dec. 9 public hearing and second readings are scheduled.
Timnath — The Timnath Town Council on Nov. 11 advanced the financing and budget steps needed to build the recreation center voters approved this month, approving first readings and setting public hearings on a package of ordinances that would create a new special revenue fund, adjust the town's sales-tax code and carry the draft 2026 budget to a Dec. 9 vote.
Finance Director Lisa Gagnari told council the draft 2026 budget includes a special revenue fund for the recreation center to hold financing proceeds, the dedicated…
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