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City staff outline constrained capital outlook; maintenance prioritized over new builds
Summary
Finance staff told the council the city's capital fund is largely committed to maintaining existing assets, with about $46 million in capital spending in FY26 (roughly $26 million for projects); staff recommended prioritizing maintenance, exploring an increased general fund transfer, and preparing tools such as updated impact fees and a possible public safety bond for larger future investments.
Finance staff presented the city’s capital budget posture and next steps for FY27, emphasizing constrained funds and the need to prioritize maintenance.
Alicia (finance) said the capital fund for FY26 relies heavily on general fund transfers (about 63% of capital funding) and that the current $46 million capital fund includes roughly $26 million allocated to…
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