Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Fairport details reserves, capital commitments and prepares for electric‑bus mandate
Summary
District officials said the capital project reserve held just over $21.7 million as of 6/30/2025 with $15 million earmarked for a voted project; bus capital reserves and an upcoming zero‑emission bus mandate (June 2027) will increase costs and infrastructure needs.
At the presentation’s close, Jeremy Nardone reviewed the district’s restricted and board‑authorized reserves and how administrators use them to smooth costs and pay for capital projects.
Nardone said the capital project reserve balance as of June 30, 2025, was just over $21,700,000, with $15,000,000 already earmarked for a capital project approved by voters in September 2025; he said the roughly $6.1 million remaining will be used for future capital needs. He…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
