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Council Approves First Reading to Appropriate Transit Matching Funds; Staff Says 2050 Tax Used for Timing
Summary
Council adopted on first reading an ordinance to appropriate reserves and authorize transfers for transit replacement and maintenance, with staff saying the city used 2050 tax reserves this year to cover local matches because of timing and midyear budget constraints.
Fort Collins City Council on July 15 approved on first reading an ordinance (Ordinance No. 1182025, first reading) to appropriate prior reserves and authorize transfers for transit replacement, enhancement and maintenance. The ordinance passed on a 7-0 roll call.
Councilmember Kelly Olson had pulled the item from consent to ask how the city was using revenues from the 2050 transit tax. Monica Martinez, finance manager in Planning, Development and Transportation, told council that timing and…
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