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Council discusses moving LIT supplemental funds into rainy day; asks legal staff to draft ordinance
Summary
Councilors debated using part of this year's Local Income Tax supplemental distribution to bolster the county rainy day fund, discussed legal constraints, and asked counsel to draft an ordinance and review past ordinances for a future vote.
Councilors discussed whether to transfer part of the county's Local Income Tax (LIT) supplemental distribution into the county rainy day fund and asked legal counsel to draft an ordinance for review at the next meeting.
William Hughes (council) proposed moving the excess of this year’s supplemental LIT distribution over last year’s amount into rainy day reserves. He said last year’s supplemental certified share…
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