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Council approves 2024 carry-forwards and reduces jump-start transfer to balance revised forecasts
Summary
The committee approved carry-forward appropriations for unspent 2024 funds and a companion ordinance that reduces the planned 2025 transfer from the jump-start payroll expense-tax fund after an updated April revenue forecast showed a shortfall in that fund.
The Select Budget Committee approved two linked budget measures: Council Bill 121029, which authorizes the 2024 carry-forward appropriations for projects and grants that were committed but unspent, and Council Bill 121042, which reduces the 2025 transfer from the jump-start payroll expense-tax fund to the general fund to address a projected shortfall.
Why it matters: The carry-forward ordinance moves previously appropriated but unspent dollars into 2025 to allow projects and contracts to be completed. The companion transfer ordinance reduces the amount moved from the payroll-expense-tax ("jump-start") fund to the general fund so the jump-start fund remains solvent after…
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