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The City of Killeen (Texas) has terminated its newly created fleet funding program due to a budget shortfall. City Council voted to terminate it on Dec. 6.
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The City of Prosser, Wash., has established its first ever fleet replacement program. The program is expected to be fully funded over four years, and the city is now making 125% yearly payments over the next four years.
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The City of San Diego has begun using a $16-million reserve fund to immediately replace aging fleet vehicles that have been deemed 'critical,' and will consider leasing, financing, and other funding options to close its replacement backlog.
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The City of Killeen is creating a fleet replacement fund. The city will provide $7.5 million to establish the program as well as $3.5 million for the year's fleet purchases.
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Government fleets spurred by historically low interest rates have been turning to a wider range of leasing and financing instruments to replace aging vehicles.
Read More →DERBY, VT – A man in Vermont allegedly climbed into a tractor and destroyed seven of the Orleans County Sheriff’s Dept. police vehicles, according to the Union Leader’s website and NBCnews.com.
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