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Sullivan's Island Council approves first readings of FY2026 budgets and a bond ordinance
Summary
At its April 15 meeting the Sullivan's Island Town Council approved first readings of the FY2026 General Fund, Water and Sewer, and Capital budgets and advanced a bond ordinance; councilmembers said the town's first multi-year capital budget work is underway.
The Sullivan's Island Town Council approved first readings, by title only, of the fiscal year 2026 General Fund budget, Water and Sewer Fund budget and the Capital Budget at its April 15 meeting.
Councilmember Scott Millimet said the Capital Budget represents the town's first multi-year capital budgeting effort, though the FY2026 capital budget itself covers the upcoming fiscal year. The three ordinances (2025-01, 2025-02 and 2025-03) passed their first readings unanimously.
Town Comptroller Jason Blanton briefed council on a separate ordinance (2025-04) presented for first reading to authorize general obligation bonds to ensure timely debt service payments on the town's existing installment purchase revenue bonds; he said the bond issuance is a short-term measure to align the tax-revenue timing with debt payments and "does not represent additional long-term debt for the Town." That ordinance also passed first reading by title only.
Council conducted these votes as first readings, which advance the measures for additional review and a subsequent required reading before final adoption. The budget and bond items were presented and discussed as part of the council's regular agenda; no final adoption occurred on April 15.
The council also noted the capital planning work will continue, and staff will return with additional details at subsequent meetings.
