Madison Finance Committee proposes 15 amendments to executive 2020 capital budget

Madison Finance Committee members offered a set of amendments Friday to Mayor Satya Rhodes-Conway’s proposed 2020 capital budget in an effort to reduce overall spending.

Rhodes-Conway’s proposed capital budget includes $170.6 million in new spending, relying on $96.6 million in general obligation borrowing and $73.9 million from other sources. If the Finance Committee’s proposed 15 amendments are adopted, they would lower the total amount of borrowing and other funding sources by $2.3 million for a total of $168.3 million. ...

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- - Volume: 7 - WEEK: 39 Date: 9/26/2019 7:55:40 AM -