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Brainerd Public Utilities Commission approves 2026 operating and capital budgets, flags reliance on grants and crypto revenue
Summary
The Brainerd Public Utilities Commission approved the 2026 operating and capital budgets and recommended them to city council, outlining $40.3 million in revenue, major capital projects across electric, water and wastewater, and reliance on $5 million in state funding and recurring lead‑service grants; commissioners also discussed crypto sales revenue and ratepayer exposure.
The Brainerd Public Utilities Commission voted to recommend the 2026 operating and capital budgets to Brainerd City Council after staff outlined the utilities' five‑year priorities and financials.
Staff said total revenue across all divisions is budgeted at $40.3 million and total expenses at $40.08 million, leaving a modest positive change in net position of $243,000 for 2026. Major capital investments include hydropower roof and generator work, a $2.825 million reclamation/backwash construction…
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