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Coralville says LOST revenues remain uncertain; officials to seek federal help for Forevergreen Road
Summary
City Administrator Kelly Hayworth told the council LOST receipts are not yet reliable enough to include in the budget and will require later amendments; Hayworth and Ryan Heiar plan a Washington, D.C., trip seeking federal funds for the Forevergreen Road project and the state has applied for a BRIC grant extension.
City Administrator Kelly Hayworth told the Coralville City Council on April 14 that the city does not yet have reliable estimates for local‑option sales tax (LOST) receipts and therefore has not included LOST monies in the current budget.
Hayworth said that Solon and Tiffin have received more LOST revenue than the city’s prior estimate and noted that the first year of LOST collection will effectively be 11 months because the tax is paid in arrears. He said staff expect to amend the budget later when firmer numbers are available.
Hayworth also reported that he and Ryan Heiar will travel to Washington, D.C., carrying position papers intended to secure additional federal funding for the joint Forevergreen Road project shared by North Liberty and Coralville. Separately, he said the state has applied for an extension to a BRIC (Building Resilient Infrastructure and Communities) grant because of slow federal movement and officials expect that extension to be granted.
Mayor Laurie Goodrich noted upcoming community events including Toast to Business and an upcoming United Way meeting. Councilperson Katie Freeman said she will work on planning a field mediation grant with other Johnson County entities. Hayworth added that social services applications go through the United Way.
No formal budget amendments or grant awards were approved at the work session; staff indicated they will return to the council with details and any recommended actions when more information is available.
