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Council reviews FYE 2026 capital requests and sees PAYGo funding shortfall
Summary
Budget staff told the council the capital sales-tax forecast is about $17.5 million for FYE 2026 while requests exceed available PAYGo funds, producing a projected negative PAYGo balance of roughly $9 million; staff summarized major department requests and set a May 6 follow-up for the preliminary budget review.
Jacob Huckabee, budget analyst, presented the FYE 2026 capital improvement plan framework at the March 4 study session and told councilmembers the city is projecting about $17,500,000 in capital sales-tax revenue for FYE 2026, roughly flat with the previous year.
Huckabee walked the council through existing bond programs (a five-year $27 million street maintenance bond, the 2019 transportation bond, and a 10-year $50 million bridge maintenance program) and then summarized new and recurring requests across departments. He said the capital sales-tax requests and other project proposals exceed projected revenues and that PAYGo-funded projects show an estimated…
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