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City manager presents FY27 proposed budget with $82 million in water capital projects; council presses on debt and deferred maintenance
Summary
City Manager Jurgens and Finance Director Scott Ratburn presented the FY27 proposed budget emphasizing an $82 million water capital program that drives an overall capital plan of about $111.7 million; council members asked about debt, deferred maintenance and timing of a possible bond issuance.
City Manager Jurgens and Director of Finance Scott Ratburn presented the formal FY27 proposed budget to the Bloomington City Council.
Jurgens said the proposal matches the preview presented previously and complies with city code’s requirement to present a formal proposed budget. He said staff prepared two budget books (general fund focus and capital/enterprise funds) totaling roughly 600 pages, which are available online. Jurgens said the budget emphasizes public safety and infrastructure, and that the city plans a modest salary increase (about 2.6%) while catching up on deferred equipment purchases.
Ratburn highlighted that the principal driver of the year’s…
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