Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves $2.06 million transfer into debt‑service reserve to smooth payments through FY2028
Poquoson City Council · March 24, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Poquoson authorized transfers totaling $2,058,000 ( $1.3M general fund + $758K capital projects fund) into a debt‑service reserve to reduce general‑fund transfers to debt service over the next two years; motion carried 6–1.
The Poquoson City Council voted to approve an ordinance transferring $1,300,000 from the general fund undesignated balance and $758,000 from the capital project fund into the debt‑service fund, for a total transfer of $2,058,000 intended to smooth mortgage…
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
30-day money-back on paid plans
