Stuart approves financing and budget amendment for two fire apparatus
The commission authorized a non-ad valorem revenue note (not to exceed $1.92 million) to finance two fire apparatus and approved a related budget amendment; staff explained the purchase was budgeted earlier (PO issued in FY24) but financing is timed so payments begin near delivery.
The full story
The commission approved Resolution 48-2026 authorizing a non-ad valorem revenue note of up to $1,920,000 to finance the acquisition of two fire apparatus and then adopted Budget Amendment No. 4 to appropriate the funds. Commissioners asked about lead times and financing mechanics; staff said one apparatus is due in July 2026 and another in November 2026, and that the city used a purchase-order/authorizations process in FY24 but is arranging financing close to delivery to avoid paying interest for multiple years prior to receipt.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in