By Bob Burns | Fountain Hills Times
Town staff has outlined for the Town Council a $3.25 million capital improvement proposal for this next fiscal year. Public Works Director Justin Weldy, who manages capital projects for the town, presented the plan to council members at a special session on March 26.
About $2 million ($1,905,000) in funding would come from the Capital Improvement Plan (CIP) Fund. The remainder is divided between contingency funds, the state Highway User Revenue Fund (HURF), the Downtown Strategy Fund and grant monies.
The town has nearly $3.8 million in its CIP Fund, which would leave it at an uncomfortably low $1.7 million after the fiscal year.