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Administration defends use of policy reserve to cover FY2021 gap; council seeks more detail
Summary
The administration told the council Council Bill 17 authorizes use of surplus policy reserves (identified at $7.5 million in the proposed budget) to support recurring FY2021 expenditures amid COVID‑19 revenue shortfalls; council members probed alternatives such as PAYGO and asked for clarity on timing and dollar amounts.
Howard County administration officials presented Council Bill 17 on May 21, which would permit the county to use a portion of prior‑year surplus reserves (the policy reserve) to fund recurring expenses in the FY2021 operating budget.
Holly Sun, finance lead for the administration, told the council that the policy reserve was established as a best practice and held about $7.5 million as of…
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