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Council weighs CIP funding priorities, proposed $5 stormwater fee and options to boost over-65 homestead exemption
Summary
Staff presented a multi-year capital improvement plan and funding scenarios (certificates of obligation, developer contributions, utility revenues). Council discussed a proposed $5 monthly stormwater fee projected to raise $350k-$400k annually and three options to raise the over-65 homestead exemption from $100k to $125k, $150k, or $200k, with differing fiscal impacts.
The NorthlakeTown Council spent a large portion of its July 10 meeting on the capital improvement program (CIP), project priorities and funding options for 2026 and beyond. John (town staff) reviewed dozens of projects—waterlines, elevated storage tanks, road reconstructions, the Star Center building and trail connectors—and their current budgets and schedules.
Staff said the town has secured about $94.3 million for projects, spent roughly $37 million and has about $57 million remaining. Projected additional needs were estimated at approximately $32 million; staff noted timing differences in receipts and expenditures make FY26 look stronger on…
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