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Ypsilanti council approves rainy-day (budget stabilization) ordinance after debate over thresholds and process
Summary
Council approved on first reading an ordinance that defines triggers and voting thresholds for tapping the city's budget stabilization fund, including revenue-decline criteria and a special two-thirds (5-of-7) vote for unspecified emergency uses; members asked staff to add a clearer preamble and withdrawal procedures.
YPSILANTI, Mich. — The city council approved the first-reading of Ordinance No. 14-56, formalizing the budget stabilization ("rainy day") fund and the conditions under which the city could use it.
Council member McLean, who sponsored the ordinance, said the fund already contains roughly $3.4 million and that a target…
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