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Budget workshop: Council reviews $15.5M CIP, reserves and potential arterial rehab request
Summary
Finance staff presented the draft two‑year budget and capital improvement plan, highlighting a $15.5 million CIP in 2025–26, projected reserve positions, and an unfunded arterial road rehab proposal (New Hope/Ward/Ellis/Slater) that would require an additional $1.5 million in general fund support if included.
At a study session on May 6 finance staff reviewed the draft biennial budget for fiscal years 2025–26 and 2026–27, focusing on the general fund, revenue projections and the capital improvement plan. Staff reported relatively flat sales‑tax expectations, higher investment income tied to current interest rates, and a projected…
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