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Council advances tentative $105.3M budget; capital plan includes public works facility and Zephyr Park
Summary
The council approved the tentative FY2024–25 budget on first reading. The budget includes $2M for design of a public works facility, potential debt financing totaling about $12M across projects, and $1M design for Zephyr Park funded by ARPA. Staff said finer financing details will return to council.
Council approved the tentative city budget on first reading, moving forward a plan that totals $105,266,502. Finance staff said the city used an aggregate assessed value of $1.5 billion to estimate ad valorem revenue of about $9.3 million at the proposed 6.25-mill rate. The tentative budget incorporates capital programming for a new public works…
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