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Gainesville commission earmarks $5 million from excess fund balance for 8th & Waldo project; motion passes 6–1
Summary
After staff projected a preliminary $7.5 million budget gap for FY2027, the commission voted 6–1 to set aside $5 million for the 8th & Waldo project and directed staff to schedule a joint meeting with the Gainesville Regional Utilities board to discuss the government services contribution.
The Gainesville City Commission voted 6–1 to set aside $5,000,000 from the general fund's excess fund balance for the 8th & Waldo project, a multi‑part capital package that includes utilities, stormwater remediation and the planned multipurpose fields. The vote came during the FY2027 budget development kickoff, when staff presented preliminary estimates that show a $7.5 million gap entering the budget process.
Commissioner Chestnut moved the action to formally earmark the $5 million and request a joint meeting with the Gainesville Regional Utilities (GRU) board to…
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