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Council debates repurposing capital accounts; finance says encumbrances protected
Summary
A second-reading ordinance would consolidate many capital accounts into eight broad categories to allow administrative flexibility, prompting council concerns about reduced oversight and potential loss of earmarked project funding; finance said active projects remain encumbered.
City finance officials presented a second-reading ordinance (Ordinance 25-119) that would consolidate numerous capital accounts into eight broader categories to give the administration latitude to address emergent infrastructure needs without returning to council for repurposing each time.
The finance representative said the change is intended to make it simpler to respond to emergencies or projects…
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