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Cottonwood Heights presents FY2026 draft budget with $20M bond and staffing adjustments
Summary
Finance director Scott Georges presented a draft FY2026 budget that includes a proposed $20 million general‑obligation bond to address Hillside Plaza costs, a projected general fund ending balance above statutory minimums, and department increases for IT, public works and personnel costs; council asked staff to refine COLA/merit decisions before the tentative May 6 adoption.
Finance director Scott Georges walked council through a preliminary FY2026 budget at the April 15 work session, calling it a draft guided by the five‑year plan and recent council direction. The proposal includes a $20 million general‑obligation bond intended to reimburse costs associated with Hillside Plaza and to manage future debt service.
Scott reported a projected general fund ending…
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