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Committee hears testimony on bill to ratify Barrie charter change raising rainy-day fund cap to 10%
Summary
The House Government Operations & Military Affairs committee heard testimony on H902, which would approve a City of Barrie charter amendment allowing the city to retain up to 10% of unencumbered funds as a reserve. City officials said the cap helped avoid borrowing after 2023 floods and would not raise taxes; no committee vote was recorded.
The House Government Operations & Military Affairs committee on Thursday took testimony on H902, a bill to approve amendments to the charter of the City of Barrie that would increase the city’s cap on unencumbered fund balance from 5% to 10%.
City Manager told committee members the change is intended to strengthen the city’s ability to respond to emergencies after the 2023 floods. “We didn’t have to borrow anything to recover from those floods in ’23,” the City Manager said, describing how the existing reserve — built in part through long-running…
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