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Committee approves 2024 exceptions and advance repayment of 2014 bonds; both measures move to full council
Summary
The Select Budget Committee recommended passage of two budget-related bills on June 5: a 2024 exceptions ordinance adding $1.758 million and an ordinance to redeem certain 2014 bonds early; both measures passed the committee unanimously and move to the June 10 council meeting.
The Select Budget Committee recommended passage of two budget-related council bills on June 5: council bill 120979, a 2024 exceptions ordinance (amending ordinance 126955), and council bill 120988, authorizing early repayment of certain 2014 bonds (amending ordinance 127156). Both bills passed committee by unanimous voice/roll-call votes and will be transmitted to the June 10 full City Council meeting for final action.
Council bill 120979 — 2024 exceptions ordinance (recommended passage): - Motion: Chair Dan Strauss moved committee recommendation of council bill 120979; second by Council member Rivera. - What it does: Adds two year-end technical adjustments to the 2024 adopted budget (Ordinance 126955): a $1,100,000 increase to the…
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