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Residents press council to spend surplus on paving; staff clarifies reserve accounting
Summary
Two residents urged immediate use of last year’s surplus to restore $2 million for paving and to rely on reserves for one‑time needs. City finance staff replied that unassigned reserves recorded at close were about $11.49 million last year and cautioned against using reserves for recurring costs.
Cape Coral — At the opening of the Jan. 30 budget workshop, residents used the citizen‑input period to urge the City Council to use year‑end funds for paving and other one‑time needs, prompting a staff clarification about reserve accounting.
Tom Shadrach told the council he believed the city ended last year with roughly $29 million in surplus and asked that council restore $2 million for paving that had been cut from the draft…
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