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| City manager Matt Noble is seen at the Dec. 15, 2014 council meeting during budget talks. Times-Herald photo by Lisa Goudy |
By Lisa Goudy
Matt Noble, city manager, and Brian Acker, director of
financial services, describe the 10-year unfunded capital budget as “not a wish
list, but rather a compilation of essential projects that will require funding”
in their report.
The unfunded capital budget totals $226.91 million in
capital projects.
“The past practice of deferring these expenses to the future
will continue to result in the City being faced with major projects that become
urgent and must be addressed. The more projects are pushed off to the future,
the more urgent they become when they finally must be addressed,” said the
report.
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