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Council to consider moving $1.74 million in gas‑tax funds back to capital and stormwater accounts
Summary
City staff proposed reallocating $1,738,596.45 from the 7¢ gas tax fund into capital and stormwater accounts to correct past uses and to fund resurfacing and identified stormwater projects; council asked for project schedules and details and will consider the amendment in two weeks.
City staff told Homewood City Council on April 13 they intend to move $1,738,596.45 from the 7¢ gas tax fund (Fund 4) into capital and stormwater accounts to align resurfacing expenditures with the gas‑tax revenue that should be paying for them. The staff presentation said resurfacing had previously been paid from capital funds and that the transfer…
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