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Mobile City Council adopts ordinance establishing 16.66% general fund reserve; civic center financing and questions remain
Summary
On Jan. 2 the Mobile City Council voted to adopt Ordinance 01066 to codify a 16.66% general fund reserve. Council members said the change strengthens the city's fiscal position ahead of planned civic center financing; residents raised questions about fund balances and related bond reimbursements.
The Mobile City Council on Jan. 2 adopted Ordinance 01066, amending the city code to establish a general fund reserve equal to 16.66% of the budgeted general fund. The ordinance passed after a brief motion, with no roll-call tally recorded on the meeting transcript.
The measure codifies an existing administrative practice aimed at maintaining fiscal stability and preparing the city to take on long-term debt for the Civic Center project. “The city has maintained a an administrative policy requiring 16.6 6% of the budgeted general fund to remain in reserves,” said Councilman David Romes, District 4, during remarks after the vote. “And we made that a part of our law today.”
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