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Council advances 2026 budget supplement and authorizes start of utility bond process up to $11 million
Summary
City staff presented a major first budget supplement that updates cost-allocation and IT ER&R methods and carries forward capital projects; council approved first reading of the supplemental budget and authorized staff to begin procuring bond counsel and advisers to prepare possible utility revenue bonds (preliminary estimate ~$11 million).
The Port Townsend City Council on May 4 advanced the city’s first 2026 budget supplement and authorized staff to begin the procurement process for professional services needed to prepare utility revenue bonds.
Staff framed the supplement as primarily housekeeping and carryforward work: money set aside for projects that did not complete last year, updated cost-allocation methodology for internal services, and refreshed ER&R (equipment replacement) plans. Staff said carryforward costs include…
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