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Oswego committee reviews $125M capital plan and opts to fund public works facility from reserves
Summary
Committee reviewed a FY2026 capital plan with more than $125 million in projects and discussed using $10.53 million from general-fund reserves to pay the public works facility rather than issuing debt; trustees were warned this and Wolf's Crossing will draw down capital balances in later years.
The Committee of the Whole reviewed the village's fiscal year 2026 capital plan, which includes 42 projects and 12 vehicles totaling more than $125 million, and confirmed that $10.53 million from general-fund reserves will pay the bulk of an expanded public works facility.
The presenter outlined the scale of the plan and funding approach: "there are 42 projects and 12 vehicles that total over $125,000,000 scheduled for next year," and listed Wolf's Crossing and the public works facility among the largest capital commitments. The committee was told the public works facility's 2026 spend is budgeted at $10,530,000,…
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