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Budget & Finance Committee approves multiple resolutions, defers two grants and several bills
Summary
The committee approved a slate of consent items, accepted several grant amendments and cooperative purchasing agreements, deferred two grant applications to December 16 and postponed a transportation fee bill to January 20. Votes were taken by voice and several items prompted clarifying questions from council members.
The Budget & Finance Committee handled a broad set of routine and substantive items and recorded a series of voice votes on resolutions and bills.
The committee approved the consent agenda by voice vote, moving forward a package of resolutions and bills listed at the start of the meeting. Two grant applications from the Tennessee Emergency Management Agency (resolutions 20 25 15 33 and 20 25 15 34) were each deferred to December 16 at administration request.
Among approved actions, the committee increased the Metropolitan Government's water and sewer revenue extendable commercial paper program from a $200 million to a $300 million maximum aggregate principal amount; Finance staff explained commercial paper is repaid within 90 days and that enterprise fund reserves are maintained. The committee also approved budget transfers…
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