Community Project Budget Allocation

In a small town, the mayor plans to allocate budgets for three community projects: a park renovation, a library expansion, and a new sports center. The costs for the projects are as follows:

- Park renovation: $50,000

- Library expansion: $30,000

- Sports center: $40,000

The town's total budget for community projects is $100,000. If the town council decides to allocate an additional 30% of the total budget towards the park renovation, how much money will remain for the other two projects?

To determine the remaining budget after reallocating funds, first calculate the additional amount allocated to the park renovation, then subtract the total costs from the updated budget.