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Staff explains 2% lapse and proposed bill to adjust general fund coverage
Summary
Staff reported the original 2% lapse was $5.8 million; debt savings identified by finance total about $14 million and staff proposed using roughly $2.275 million of those savings to cover non-departmental items, reducing the lapse and leaving departments to request restorations if needed.
During the Feb. 18 special committee on Duval Doge, staff provided an update on the city—udget'% lapse. City staff said the original lapse figure was $5.8 million and that the finance team identified about $14 million in debt-related savings within the general fund. Based on those savings, staff said roughly $2,275,000 would be used to cover many non-departmental obligations and thereby reduce the lapse.
Staff told the committee a bill (referenced in the transcript as "bill 20 20 six-one 100") will be brought forward that implements the proposed use of debt savings to cover certain non-departmental items. The remaining lapse would continue to be managed by departments through restoration requests or separate legislation if necessary. Staff said it had not yet received communications from departments about restorations and that departments may be holding vacancies to manage the lapse within this year—udget.
