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Council reviews FY27–28 budget plan, considers $3.5M utility-fund payoff to free capital funds
Summary
Councilors discussed Ordinance 07/2026 and a staff proposal to use restricted utility funds to pay roughly $3.5 million in water/sewer debt now to reduce annual debt service and free about $300,000 for capital projects; staff also presented salary adjustments including a $2,500 step and 3% COLA with police starting pay modeled at $60,000.
Councilors spent the largest portion of the workshop reviewing the proposed FY2027–28 operating budget and a staff proposal to reduce utility debt obligations by paying off two loans totaling about $3.5 million.
The Chair said the administration would present a resolution to use restricted utility funds to pay “$3,500,000 of debt service,” which city finance staff said consists of a $3,230,000 infrastructure loan refunding and a $611,097 drinking-water bond. City finance staff (Jim)…
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