Senate panel debates reserves as natural-disaster bill could free $155 million
Lawmakers on a Senate panel debated whether to keep reserves near 28% or plan for 30% if a pending natural-disaster bill is enacted; staff said the bill would remove a $155 million booking and free up operating reserves but warned that rating agencies consider multiple factors beyond a single percentage.
The full story
Members of the Senate reviewed House Bill 2 reconciliation language on funding and reserves and spent much of the session debating how to account for a proposed natural-disaster authorization.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or