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Board approves contingency transfers, backs SRO overtime and uses state aid to backfill accounts
Summary
The board approved a package of FY25 true‑ups and FY26 transfers, including a $500,000 contingency transfer to cover police overtime for school roving patrols and use of $3,000,000 of state municipal grant money to backfill several city accounts while transferring funds to the Board of Education.
The Board of Estimate and Taxation approved multiple transfers Nov. 3 to reconcile fiscal 2025 budgets and to fund items in fiscal 2026.
City staff told the board that retroactive wage adjustments and other reconciliations left several department budgets short and required contingency transfers. For fiscal 2025 the transfers came mainly from contingency and totaled roughly $346,000 to true up affected department lines, city staff said.
During the fiscal 26 discussion, the board approved several transfers individually. The package included an $8,000 internal transfer in Corporation Counsel to renew an enhanced Westlaw contract; a…
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