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Council discusses financing a new fire truck over a 10–20 year term
Summary
Council members discussed financing the purchase of a new fire truck over a ten-to-twenty-year term and noted that related budget and pay-plan amendments must be completed by the end of June.
Council members discussed options for financing the purchase of a new fire truck, mentioning potential loan or lease terms of ten to twenty years. The conversation treated financing as a budget option to spread capital costs over multiple years rather than as a finalized commitment.
Members tied the equipment discussion to the broader budget timeline: the fiscal year 2025–2026 budget and the pay plan will need amendments by the end of June to reflect any capital financing decisions. No financing agreement or dollar amount for a truck purchase was recorded in the transcript.
