Keystone Heights staff: Infrastructure plan requires about $360,000 annually in grants or projects will be deferred
City Manager told the Budget & Finance Committee the Infrastructure Capital Improvement Plan currently lacks sufficient revenue and will need roughly $360,000 per year in grant funding; without those grants, projects would be deferred and staff recommended updating the strategic plan after November elections.
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City Manager Jamie Booth told the committee that the Infrastructure CIP cannot be fully funded from current revenues and that the city will need to secure approximately $360,000 per year in grant funding to keep the plan on schedule. Booth said projects would be deferred if the grants are not obtained.
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