Argyle Town Council is poised to enhance its infrastructure funding strategy without raising taxes, following a detailed discussion during the June 16, 2025, meeting. The council is considering a short-term funding note of approximately $500,000 to cover pre-construction expenses related to future infrastructure projects, including a new law enforcement center.

The proposed strategy aims to leverage existing tax revenues from street maintenance and sewer services to manage debt service costs effectively. This approach is designed to maintain the current interest and sinking (I&S) tax rate, which is crucial for the town's financial stability. The council plans to revisit this funding proposal on July 21, where they will evaluate the exact amount needed and its implications for the town's budget.

In addition to the funding note, the council discussed the potential for a larger debt issuance in spring 2026, which would allow for more extensive infrastructure development. This timing is critical, as it aligns with the anticipated growth in the town's tax base and ensures that any new debt can be incorporated into the fiscal year 2027 budget.

The meeting also highlighted the importance of staying ahead of legislative changes that may affect the town's ability to issue certificates of obligation (COs) for public safety projects. Council members expressed the need to act swiftly to secure funding options before potential restrictions are implemented by the state legislature.

Overall, the discussions reflect a proactive approach by the Argyle Town Council to address infrastructure needs while maintaining fiscal responsibility. The upcoming decisions in July will be pivotal in shaping the town's financial landscape and ensuring that essential services continue to meet community demands.