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Tusayan council sets $2 million placeholder for housing in capital plan
Summary
The council agreed to include a $2 million placeholder for a housing project in the Capital Projects fund for 2027 to provide a local match and demonstrate commitment to potential grants; staff said figures will be refined as projects near bidding.
Council agreed to place $2 million into the Capital Projects fund as a placeholder for a housing project in 2027. Town Manager Clifton and Finance Director Tessa Beuning both said the transfer shows the Town’s commitment to housing and makes the municipality a stronger candidate for grants or bonding; staff will refine the estimate as project planning and bidding progress.
Ms. Beuning noted the $2 million was a placeholder and that final amounts would be adjusted when projects proceed to bid. The Council’s direction was to include the $2 million in the 2027 capital plan and to consider bond financing or additional transfers if needed in later years.
