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Council adopts amendments to debt and fund-balance policies, creates 2% revenue stabilization reserve
3289751 · May 13, 2025
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Summary
Winchester’s council adopted a resolution amending the city’s debt and fund-balance policies and establishing a revenue stabilization committed reserve equal to 2 percent of general fund expenditures.
The Winchester City Council on May 13 approved policy changes that add a committed revenue stabilization reserve to the city’s fund-balance policy and clarify parameters for debt issuance tied to self-supporting projects.
Finance staff explained the change creates a third committed reserve, the “revenue stabilization fund,” set at 2 percent of general fund expenditures and…
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