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OMB proposes charter edits to speed intra-agency transfers and create a revenue-stabilization account
Summary
The Office of Management and Budget asked the Charter Review Commission to let OMB authorize net-zero transfers between budget characters without council approval, allow repurposing of leftover capital-project funds without supplemental council action, and redefine the 5% reserve so it can be used as a revenue-stabilization fund with a proposed 2% access threshold (estimated at about $90 million).
The Office of Management and Budget told the Charter Review Commission on Feb. 4, 2026, that it wants three charter changes to increase budget flexibility without changing overall county spending.
Andrew Pierce, deputy director of OMB, said the first proposal would remove the council approval requirement for net-zero transfers between budget characters (for example, compensation, fringe and operating) — transfers that OMB already vets — so such intra-agency reallocations would not have to go back to the council if…
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