Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Highway Fund topic
No spam. Unsubscribe anytime.
Committee adjusts highway fund lines and shifts garbage costs to highway fund
Summary
Staff raised highway fund changes including lower highway-tax receipts, a $500 increase to electricity/Internet, and a new $850 garbage-service line split 20% General Fund / 80% Highway Fund because the highway (port) generates most of the garbage.
Staff told the committee that highway-tax receipts appear lower this year and proposed updates to the highway fund. Among the changes, electricity and Internet for the bridge area were increased by $500 and a new garbage-service line of $850 was added. Staff explained the General Fund will cover 20% of garbage costs and the Highway Fund 80% "because port generates most of the garbage."
Members discussed reserve impacts and the committee reviewed how the changes affect total resources and reserve balances. The highway fund reserve for future expenditures was noted at approximately $458,852 after the adjustments.
