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BET presses officials on internal‑service fund shortfall and RDA $500K request
Summary
BET members probed a projected internal‑service fund deficit and a proposed $500,000 expenditure to the Redevelopment Agency, asking for headcount, grant detail and abatement letters before deciding; staff proposed a $14M internal‑service contribution to close the gap.
At the April 15 meeting the Board of Estimate and Taxation questioned city staff about a multi‑million dollar shortfall in the internal‑service fund and asked for more detail before deciding whether to fund Redevelopment Agency requests.
City finance staff told the board the internal‑service fund (covering health care, workers’ comp and related liabilities) had a net negative position going into the current fiscal year and that the FY27 proposal includes approximately $14,000,000 in contributions to repair the deficit and cover contractual increases. Jared said that based on projections the net shortfall for the current year could reach about $8,000,000 and that the $14,000,000…
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