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Committee discusses clarifying carryover rules for aldermanic capital and noncapital funds
Summary
Committee members reviewed proposed clarifications to aldermanic initiative funds, focusing on how unspent capital and noncapital dollars are carried into the following fiscal year.
Chairperson Edward J. Bugg opened a discussion led by Rich Jacobs, chief of staff to an alderman, about clarifying the city's aldermanic initiative fund rules, in particular how capital and noncapital funds may be carried over from one fiscal year to the next. Jacobs and staff walked the committee through existing ordinance language and proposed cleanups to remove an obsolete reference to 2024 and to clarify procedures.
Key points discussed included: (1) an…
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