FY 2024-2025 Final Adopted Budget

6LPLODU JURZWK DQG PDLQWHQDQFH DUH QHHGHG IRU WKH &LW\¶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ddressing Facility Improvements and Deferred Maintenance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n Conclusion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

1

Made with FlippingBook - professional solution for displaying marketing and sales documents online