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Ways and Means reverses proposed $75,000 contract threshold; adopts local law as amended
Summary
After debate over oversight and inflation, the Ways and Means Committee rejected an increase of the contract-review threshold to $75,000, reconsidered the measure, amended it to retain a $50,000 threshold and adopted the local law as amended.
The Ways and Means Committee discussed and adopted a local law on Aug. 14 that had proposed raising the committee review threshold for contracts from $50,000 to $75,000, but ultimately approved the local law only after amending it to keep the threshold at $50,000.
Committee members spent an extended period debating whether the $50,000 threshold, established in 2006, remains appropriate. Supporters of raising the threshold argued the committee regularly clears routine, ministerial contracts and that inflation…
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