Council looks at future projects
PRINCETON — Upgrades at Darius Miller Park and city hall, a new ambulance and dump truck, and on-going street projects were brought up as considerations for next year’s city budget during a special meeting of the Princeton City Council and department heads.
City Manager Jeff Clawson opened Monday’s nearly two-hour meeting, reviewing the city’s existing debt service and saying he wants to make the new year a no-new-debt year since the city is in the middle of some large projects and is still paying on some completed projects.
Reviewing a debt spreadsheet, Clawson said the grand total for all the city’s current debts was originally $48 million, with about $37 million still owed, as of April 30, 2. With new debt accruing from the new water treatment plant, the city’s total debt by April 30, 2013, is expected to be about $40 million. Knowing what the city currently owes is helpful as the council looks ahead to future budget decisions, he said.
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