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Council advances transfer ordinance to move $1.49 million surplus into emergency fund
Summary
Councilmember Livermore presented transfer ordinance No. 8 to shift $1,489,234 in 2025 surplus tax revenue into the city’s emergency fund; council discussed EIT collection timing changes after a new vendor (Keystone) and passed the ordinance on first reading 6-0.
Council voted 6-0 on the first reading of transfer ordinance No. 8 to move $1,489,234 of 2025 revenue above the budget into the city’s emergency fund. Councilmember Livermore, who carried the ordinance, told the council the increase reflects the way earned income tax (EIT) was collected after the municipality changed vendors.
Liver…
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