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Committee advances $1.3M supplemental to Ethics Commission—s public financing fund after debate
Summary
After debate about timing and fund sufficiency, the Budget & Finance Committee voted to advance an ordinance appropriating $1.3 million from the general fund reserve to the Ethics Commission—s public election campaign finance fund; members split over whether the supplement was prudent now or should wait until budget hearings.
The Budget & Finance Committee advanced an ordinance to appropriate $1,300,000 from the general fund reserve to the Ethics Commission—s Public Election Campaign Finance Fund for FY2010-11 after a divided debate and roll-call vote.
Severn Campbell of the Budget Legislative Analyst Office summarized the LAO report: the public financing fund had a balance of about $5.0 million and a $1.3 million supplemental would increase it to approximately $6.3 million. Campbell said prior years included withdrawals and that supplemental appropriations and restorations have been used to restore the fund in recent cycles; without further appropriations and with projected withdrawals for a mayoral race, the fund balance could fall to a few hundred…
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