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The council approved an agreement setting future transfers from municipal utility funds to the city beginning in 2027: 5.5% of electric operating revenues, an additional 0.25% for the housing fund, and 0.5% each from water and sewer revenues.
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The approved formula uses a three-year average of utility revenues and will not change the 2026 budget. The housing-fund transfer is expected to help pay infrastructure bonds for the new industrial park over the next 15–20 years. The council also delayed adoption of the Transportation Safety Action Plan until the city attorney reviews it and agreed to pause substation-related tree removal for a few weeks while staff gathers more information for nearby property owners.
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