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Budget amendment (Ordinance 2025-52) forwarded to full board with funding for repairs and park expansion
Summary
The Budget Finance Committee voted to forward Ordinance 2025-52 (second amendment to FY26) to the full Board of Mayor and Aldermen; the amendment reallocates $3,694,625 in general‑fund revenues and expenses, includes a preliminary $2.5M transfer to the water management fund and adds funds for median barriers and Liberty Park expansion.
The Budget Finance Committee voted to forward Ordinance 2025‑52 — the second amendment to the fiscal 2026 operating budget — to the full Board of Mayor and Aldermen on Dec. 9.
Chief Budget and Performance Officer Michael Walters Young told the committee the general-fund portion of the amendment totals $3,694,625 in both revenues and expenses. Key components include a small opioid‑settlement receipt ($20,435), a preliminary $2.5 million payment into the water management fund in acknowledgement of park land use, $753,190 proposed for median-barrier work on State Route 96 (Murfreesboro Road East), and $300,000 to expand Liberty Park (the Liberty Park amount to be split roughly half from the general fund and half from the hotel/motel fund). Michael said the $2.5 million water-management payment is a preliminary estimate and staff will refine exact land‑use allocations in a later amendment.
Michael also described a performance-bond recovery of about $121,000 (developer bond called because work was incomplete) and explained changes in operational and capital transfers. The water-management fund will also include budget adjustments tied to an estimated $10,889,000 repair on the Hobbs pipe in the Ewingville neighborhood; staff proposed funding that need through a mix of the $2.5 million payment, approximately $7,000,000 of existing fund balance and $1,350,000 in budgetary savings, yielding a net budget increase of roughly $9.5 million (staff noted $1.35M had already been appropriated).
Committee members asked clarifying questions about appeals that affected property-tax refunds and the timing of revenue effects. After discussion the committee moved and seconded the ordinance and approved forwarding it to the full board in a roll-call vote (members recorded “yes” votes and the chair voted yes). The committee’s recommendation will be considered at the board work session and then on the board’s January meeting agenda for final action.
