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Committee backs supplemental appropriation using unexpected transfer tax receipts to shore up services
Summary
The committee approved sending a supplemental appropriation to the full board with recommendation after staff described using roughly $6.3 million in unexpectedly strong real‑estate transfer tax receipts, plus smaller sources, to restore services for children, youth and aging programs and balance the fiscal plan.
Chair John Avalos brought a supplemental appropriation before the Budget and Finance Committee intended to bring the budget forwarded on July 1 into balance. Staff described primary revenue sources as better‑than‑expected real estate transfer tax receipts (approximately $6.3 million of unaffiliated fund balance), a $320,000 increase tied to property tax set‑asides, a $40,000 administrative processing fee, and…
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