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Charlotte County narrows capital shortfall; HMGP and 2026 sales‑tax projects remain priorities
Summary
County staff reduced the six‑year general‑government capital shortfall to about $64 million by adjusting project timing and adding $5 million/year returned from the Murdoch CRA; HMGP allocations for Hurricane Ian total about $103 million with a remaining local match shortfall of roughly $12.8 million, and the county plans to bring HMGP projects and a sales‑tax prioritization back to the board in coming meetings.
Francine Lisby, Assistant Budget Director, presented an update to the county’s general‑government capital funding plan at the June 19 focus‑area workshop, showing revised revenue assumptions and adjusted project timing that staff say makes the six‑year shortfall more manageable.
Lisby said preliminary valuations from the property appraiser came in at 9.63%, supporting staff’s projection assumptions. She said the Capital Projects Fund will no longer need to transfer funds to the Murdoch CRA going forward and staff built a $5,000,000 per‑year return from the CRA into the capital projects revenue line, adding roughly $30,000,000 over six…
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