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JBC approves private-lease early termination funding, committee splits costs between general and cash funds
Summary
The Joint Budget Committee approved a staff recommendation to fund an early termination of a private lease and consolidate a state agency into state-owned space, with the committee directing a split of moving/outfitting costs between general fund and an affected cash fund and approving the revised sourcing; motion passed 6-0.
Tom Dermody presented a previously tabled R3 request to provide roughly $651,279 in general fund for early termination of a private lease and consolidation of a state agency into state-owned capital complex office space. Dermody said the request was part of an effort to resolve "spaghetti budgeting" and that long-term savings were projected; staff estimated total fund savings in the order of $200,000 to $300,000 over the remaining lease term, with roughly 75% of those savings…
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