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            "text": "The City's fiscal year 2026 adopted capital budget calls for an additional $56.48 million to be spent, plus continuing capital projects of $27.26 million from prior year, with the majority being spent on streets, infrastructure, buildings, parks, and golf course improvements as well as the City's two major ongoing Capital Projects to build a new library facility and Fire Station 102. Projects will be funded with existing bond proceeds or funds that have been designated by an outside party for specific use. The City has adopted a bold capital improvement program to make significant capital improvements throughout the jurisdiction, and to catch up on projects that may have been deferred in the past. More detailed information about the City's capital assets is presented in Note 1h and Note 5 to the financial statements."
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            "text": "At year-end, the City's governmental activities had $51.53 million in bonds, claims, compensated absences, and pension liability versus $55.56 million last year, a decrease of $4.03 million as shown in Table 4. The major decreases were from the City's the Claims and Judgments Payable liability which went from $3.68 million in 2024 to $0.84 million in 2025, a decrease of $2.84 million."
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            "text": "OUTSTANDING DEBT AT YEAR-END\n(IN MILLIONS)",
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            "text": "For the years ended June 30, 2025 and 2024"
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