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Committee accepts six‑month financial dashboard; finance director details TIF supplemental fund
Summary
The Street Improvement Oversight Committee accepted the six‑month street sales tax financial dashboard and heard from Finance Director Melissa Cabrera that the TIF supplemental fund (created in 2022) holds about $16 million, with roughly $2.5 million coming from street sales tax; staff said Cargo Largo has not requested reimbursements.
The Independence Street Improvement Oversight Committee voted April 2 to accept the six‑month financial dashboard covering July 1–Dec. 31, 2025, and heard a detailed briefing from Finance Director Melissa Cabrera on the city’s tax increment financing (TIF) supplemental fund.
Charles R. Harvey, administrative services supervisor for municipal services, summarized the dashboard and told the committee the street program was at about "47.29%" of expected revenues at midyear and that combined operating and capital allocations run near $30 million. "For the six‑month mark…
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