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Georgetown reviews FY26 midyear budget amendment, including $2.5M visitor center renovation and $1.5M council transfer
Summary
City staff presented a FY26 midyear budget amendment that reallocates capital and special‑revenue funds, recognizes insurance and grant receipts, proposes a $2.5 million transfer from the tourism fund for a visitor center renovation, and transfers $1.5 million to a council discretionary fund; the presentation was a first reading and no vote was held.
City staff presented the FY26 midyear budget amendment at a Georgetown City Council workshop, highlighting reallocated capital funds, fund closures and several one‑time transfers.
Budget Manager Randy Cormack outlined the package as a first reading, saying the amendment covers project price escalations, special fund cleanups and personnel updates. "So we're bringing this in the midyear budget amendment," he said, and closed his presentation by noting, "That is all of the budget amendments." The council did not take a formal vote.
Why it matters: the amendment moves city money among capital projects and reserves, recognizes insurance and grant receipts, and uses one‑time balances for near‑term needs. Major items include recognizing $741,000 in insurance proceeds for the San Gabriel Low Water Crossing, rerouting a $1,000,000 allocation originally for Berry Creek Trail to another parks project, and transferring $2,500,000 from the…
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