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Council weighs reserves strategy, inventory purchases and undergrounding as resilience measures
Summary
Councilmembers and staff discussed using reserves as an insurance policy, whether to hold cash or buy long-lead inventory (transformers, poles) to reduce outage risk, and floated setting aside an annual amount to begin undergrounding infrastructure.
Councilmembers used the June 24 budget workshop to discuss how the city should structure reserves and prepare for infrastructure disruption, including the possibility of buying long-lead equipment rather than only holding cash.
A councilmember summarized the idea: "The reserve is an insurance policy to mitigate forecast that didn't come true," noting reserves should ensure payroll and debt…
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