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Council hears $2M/year estimate for water and sanitary infrastructure as finance chair warns of state budget shortfall
Summary
Finance Chair Alderman Mike McGrogan raised state revenue concerns and proposed exploring options including an exploratory committee on the 'Trinity' sale; City Administrator Jasinski reported an approximate $2 million per year, ten-year estimate for water and sanitary infrastructure needs.
Finance Chair Alderman Mike McGrogan used his committee report to flag long-term revenue pressures, saying the state is projected to run an approximate $5 billion per year deficit over the next four years and that reductions in state contributions could force local governments to find new revenue sources.
During the discussion Alderman McGrogan asked about infrastructure needs; City Administrator Jasinski reported that the city will need approximately $2 million per year over a ten-year period to address water and sanitary infrastructure. McGrogan also raised the topic of the potential sale of 'Trinity' and suggested an exploratory committee to determine the city's desired involvement or direction for that project.
No formal decisions on new revenue measures or Trinity were made at the meeting; council members discussed planning and the need to evaluate funding options.
