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The committee unanimously approved its proposed FY 2026-27 work plan for City Council consideration and supported advancing the FY 2024-25 final and FY 2025-26 mid-year financial reports with staff recommendations. Members also reviewed financing for undergrounding districts funded through a $5 million IBank loan.
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The committee recommended a work plan for the next fiscal year and supported sending the city’s latest financial reports to the City Council without changes. Members reviewed cost reductions, Measure Q revenue, loan adjustments, and savings carried forward for future capital projects. They also received an update on undergrounding financing and may help review financing options for later phases.
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