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Council lowers general‑fund reserve policy from 30% to 25%, directs one‑time dollars toward police facility purchase
Summary
On Sept. 17 the Oro Valley Town Council voted 6–0 to move the general‑fund reserve policy back to 25% and to apply the one‑time budgetary savings (about $2.4 million) created by the change toward acquisition of a police station.
The Oro Valley Town Council adopted Resolution R25‑48 on Sept. 17 to change the town’s general‑fund reserve policy from 30% back to 25% and to allocate the one‑time revenue created by that policy change toward the purchase of a police facility.
Vice Mayor Barrett moved the resolution, saying she wanted to adjust the policy before upcoming discussions about taxes and fees and to direct the temporary funds to the town’s public‑safety facility purchase. Finance Director Garp…
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