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City presents tentative FY2026 budget with $20 million bond plan and staff-pay debate
Summary
Cottonwood Heights staff presented a tentative FY2026 budget that includes issuance of roughly $20 million in general obligation bonds, reductions to a Unified Fire Authority (UFA) assessment, a lower sales-tax projection, and a council discussion over a 3% total employee compensation package split between COLA and merit.
Cottonwood Heights' finance director Scott presented the city's tentative FY2026 budget, outlining major revenue and expenditure assumptions and asking the council to adopt the tentative numbers for public inspection. He said the proposal "includes the effect of issuing about $20,000,000 of general obligation bonds," a portion of a previously authorized $30 million program intended to pay down current debt and fund capital projects.
The draft budget also factors in a smaller-than-expected…
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