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Finance Committee approves revisions to Brookfield City 2026 capital budget, directs staff to prepare promissory notes resolution
Summary
At a May 12, 2026 special Finance Committee meeting in Brookfield City the committee approved staff-recommended revisions to the 2026 capital budget and the 2026–30 capital improvement plan and directed staff to prepare an authorizing resolution for promissory notes to fund 2026 projects; the motion passed 6-0.
The Brookfield City Finance Committee on May 12 approved staff-recommended revisions to the 2026 capital budget and the 2026–30 capital improvement plan and directed staff to prepare an authorizing resolution for promissory notes to fund 2026 projects.
The committee met in the North Conference Room at 2000 North Calhoun Road and was called to order at 6:30 p.m. by Alderman Jason Anderson, chair. The motion to approve the staff recommendation was made by Alderman Dean Marquardt and seconded by Alderman Eric Fugleberg; the motion carried 6-0.
Why it matters: the direction to prepare an authorizing resolution for promissory notes signals the committee’s intent to pursue city borrowing to finance 2026 capital projects. Preparing the resolution is a procedural step that would allow the Common Council to consider formal authorization and any related financing terms at a future meeting.
What the committee did and who voted: earlier in the meeting the committee approved the minutes of its March 3, 2026 meeting on a motion by Alderman Dean Marquardt, seconded by Alderman Mike Hallquist. That motion carried 4-0, with Alderman Bob Reddin and Alderman Chris Blackburn recorded as abstaining. The primary action on the capital budget and CIP revisions passed unanimously, with all six members present voting yes.
Details recorded in the minutes are limited: the minutes list the proposed revisions to the 2026 capital budget and the 2026–30 capital improvement plan and the committee’s direction to staff to prepare an authorizing resolution for promissory notes to fund 2026 projects for consideration by the Common Council. The minutes do not specify dollar amounts, line-item changes, which projects are increased or decreased, or proposed terms of the promissory notes; those details were not provided in the text of the minutes and therefore are not reported here.
The committee noted no unfinished business and set the next regularly scheduled Finance Committee meeting for Tuesday, May 19, 2026. The meeting was adjourned at 6:53 p.m. on a motion by Alderman Eric Fugleberg, seconded by Alderman Mike Hallquist; that motion carried 6-0.
