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Supervisors amend budget ordinance to protect Baby Prop C baseline and limit interest transfers
Summary
After hours of testimony from childcare providers and advocates, the committee approved Supervisor Myrna Melgar’s amendments to preserve a $300 million minimum balance for Baby Prop C and permit use of interest for two years only, forwarding the amended ordinance to the full Board with a positive recommendation.
The Budget & Appropriations Committee on June 20 advanced amended budget language to protect voter-approved early childhood funding known as Baby Prop C, after several hours of public comment from providers, parents and advocacy groups.
Supervisor Myrna Melgar introduced an amendment that raises the fund-balance minimum to $300,000,000 and limits the use of interest earnings for budget balancing to two years. "We've come to an agreement to preserve the fund balance as the advocates have been requesting, to 300,000,000, and then to use the interest…
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