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Committee hears SDC explanation and hears capital improvement list contains many unfunded projects
Town of Talent Budget Committee · August 17, 2024
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Summary
Budget staff explained that system development charges (SDCs) fund capacity increases and may cover debt service on past projects; the capital improvement list contains many placeholders, including a Newbury Park line item of $359,000 with only $30,000 budgeted.
The Town of Talent’s budget staff told the committee on June 5 that system development charges, or SDCs, generally pay for two things: projects that increase capacity going forward (for parks, storm drain or water systems) and payments…
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