The City Council and management report that Cordova received about 1.1 million in Secure Rural Schools (Forest Receipts) funding in 2026, significantly above budget, and that the funds are currently parked in an AMLIP account earning interest. The City Manager’s July 1, 2026 report indicates these dollars are not yet obligated and suggests waiting to see how FY26 revenues and the FY25 audit finalize before committing them, with potential uses including infrastructure issues or emergencies. Council discussion on June 3, 2026 also touched on using Secure Rural Schools revenue to address deferred maintenance, utility cost increases, and education funding, and on exploring annexation and a primary residential property tax exemption in future budget talks. This is a planning-stage signal for firms that assist with capital planning, infrastructure assessments, rate studies, and prioritizing maintenance backlogs, as Cordova will need to translate this one-time revenue into defensible projects during upcoming budget cycles. Vendors can help the City model scenarios and package projects for grants that complement these local dollars.
Money is currently unprogrammed and intended as flexible funding for infrastructure issues, emergenc...
