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Waverly council hears five-year infrastructure priorities as staff warns of revenue drop
Summary
City staff presented a prioritized five-year list of infrastructure projects and warned a sharp rollback in taxable revenue will tighten available general-fund dollars; projects under consideration include phased water-building work, road repairs, cemetery access, lift-station upgrades and trail bridge replacement.
City of Waverly staff laid out a five-year list of potential infrastructure projects at the Dec. 15 City Council meeting, emphasizing that declining rollback revenues will constrain what the city can fund in the near term.
"The drop in the rollback is a little concerning. It's severe," James, a city staff member leading the presentation, said, summarizing the budget outlook. Staff said declining rollback percentages mean the city will collect less general-fund revenue on the same set of properties even as assessed valuations increase.
Staff highlighted projects under consideration for 1–5 years of planning and construction. Major items included a phased replacement or renovation of the adjacent water building…
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