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Drainage litigation could reduce DDSRF transfers; Metro mobility funds to offset some general-fund costs
Summary
During the Feb. 3 Budget and Fiscal Affairs Committee meeting, members discussed ongoing drainage litigation and its potential effect on the Dedicated Drainage and Street Renewal Fund (DDSRF), and how Metro's general-mobility funds could offset some city costs.
During the Feb. 3 Budget and Fiscal Affairs Committee meeting, members discussed ongoing drainage litigation and its potential effect on the Dedicated Drainage and Street Renewal Fund (DDSRF), including how intergovernmental agreements with Metro may offset some city liabilities.
Chair Sally Alcorn and members reviewed figures on the DDSRF, which the committee discussed in terms of an 11.8-cent property-tax allocation. Alcorn read aloud the projection on the fund's available revenue: $231,992,000 in gross ad valorem receipts, less $96,400,000 for debt service, leaving about $135,000,000 available for…
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