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Rules committee approves limit on how much of the budget can come from general fund to balance budgets
Summary
After a lengthy debate, the Rules Committee approved a bill setting a 1.25% ceiling on use of general fund for balancing proposed budgets; the measure passed 4-3 amid disagreements over whether it would hamstring future councils.
The Rules Committee voted Jan. 21 to forward a measure that would limit how much of the city’s general fund can be used to balance the proposed budget. Council Member Will Lane’s ordinance would cap use of the general fund at 1.25% of the proposed budget when determining whether a budget is balanced.
Proponents said the cap would restore budget discipline after several years of larger draws on the general fund. “We’re basically saying let’s not set a new record on how much we’re going to use from the general fund to…
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