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Budget committee flags water and sewer funding risks as Station Hill purchase, sewer moratorium and SAFER grant loom
Summary
Spring Hill finance staff told the Budget and Finance Committee the city faces a likely deficit largely from a $6,000,000 Station Hill purchase, low projected impact-fee revenue during a sewer moratorium, and the expiration of a SAFER grant that could cost $750,000to $1,000,000 annually; the committee also discussed a billing agreement with Maury County Water to collect Spring Hill service fees.
Spring Hill finance staff warned the Budget and Finance Committee that a mix of one-time purchases, a sewer moratorium and grant expirations could squeeze the citybudget and complicate planned water and sewer expansions.
Miss Holden told the committee the city is likely to run a deficit next fiscal year and attributed most of the shortfall to the $6,000,000 purchase of Station Hill. "The purchase of Station Hill was at 6,000,000," she said, adding the budgeted deficit should be less than that amount because the city can draw on other offsets and fund balance.
Committee members also discussed the impact-fee moratorium. Miss Holden said her office is budgeting impact and adequate-facilities fees at essentially zero for the next fiscal year while watching near-term trends. "We are looking at budgeting adequate facilities and impact fees, basically at 0 for next fiscal year to watch it," she said. Members flagged tourism…
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