Graham’s city council held a special meeting Monday afternoon – the first of two scheduled this month – to hear possible options for financing upwards of $75 million in capital improvement projects (i.e., construction and upgrades) that city officials say will be needed by 2031.
Graham city officials have identified $11.1 million to $13.1 million in “general fund” capital projects – most notably, the construction of a fire substation that is yet to be designed – plus another $61.7 million in water/sewer projects that they say will be needed within five years.
The potential tax impact for the general fund projects could range from an additional 1 to 3 cents on the city’s tax rate, starting with the upcoming fiscal year that begins on July 1…