$17 million deficit for Hyattsville's capital fund after years of high spending, little revenue
Hyattsville's general fund balance is only part of the financial picture; city's FY 2025 budget proposal does not disclose capital project spending from prior years
Hyattsville’s capital project fund is $17 million in the red as of the end of fiscal year 2021. Since FY 2017, the city has spent millions on large projects, while not issuing the debt meant to fund the spending, according to the last three available audits and a review of publicly available municipal debt information. Meanwhile, other municipalities ha…
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