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Finance committee approves $68,404 transfer of rideshare assessment funds to capital road projects
Summary
The Committee on Finance and Salaries approved two transfers totaling $68,404.02—$56,844.10 from the rideshare assessment reserve and $11,559.92 from undesignated funds—to the city's capital improvement program to support road reconstruction work.
The Committee on Finance and Salaries voted to approve two transfers requested by the Department of Public Works that will move accumulated rideshare-assessment receipts into the city’s capital-improvement program to support road reconstruction.
DPW staff explained that the state requires rideshare companies to remit a 20-cent assessment per ride and that half of the assessment is…
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