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Council says city must weigh bonds and priorities to address $36M in roadway needs
Summary
Council members said the comprehensive plan contains large capital needs and discussed that many projects will require multi-year funding and bonds, arguing the pay-as-you-go model won’t cover large infrastructure items for an $11 million city.
Council members discussed the comprehensive capital improvement plan attached to the budget, emphasizing the scale of planned projects and the need for multi-year financing. The Mayor said the plan lists "$81,000,000 of projects" and highlighted roughly $36,000,000 in roadway projects rated medium or higher that will need action in the next three years.
Council members noted that many projects in the plan are funded over multiple years and that some items should be revisited for relevance. One council member said the typical approach is to use bonds—selling debt that later adds to the tax burden in follow-up years—because "the pay-as-you-go model simply won't work on these projects," and the city will need to "be creative" about funding and prioritize projects and public outreach.
