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Lawrence City Council defeats $6,137,126 free-cash transfer after warnings of higher property taxes
Summary
The Lawrence City Council voted down a motion to transfer $6,137,126 from free cash to multiple accounts, including the fiscal stability account. Supporters warned failing to approve the transfer would raise residential property tax bills by at least $50; efforts to reconsider and to remove the item from the table later failed.
The Lawrence City Council rejected a motion to transfer $6,137,126 from the city’s free cash to multiple accounts, including the fiscal stability account, after a roll-call vote that failed.
Supporters of the transfer warned that not approving the measure would increase residential property tax bills. "Which if we don't pass it tonight, will, will increase property tax bills by at least $50 for residences," Councilor Perez said when moving the item for consideration.
The motion…
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