Corte Madera designates $1.2M for project funding

Corte Madera will use $1.2 million in undesignated general funds for capital improvement and recreation projects.

The Town Council unanimously agreed on the plan at its meeting Tuesday.

The town posted a general fund surplus of $3.66 million and an undesignated fund balance of roughly $4.3 million in the 2024-25 fiscal year. Projections for the 2025-26 fiscal year suggest the undesignated fund will be around $2.6 million, following pre-planned transfers, reserves and a projected dip in sales tax revenue.