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Councilors press administration on free cash use and risk to property-tax relief
Summary
Councilors asked the administration for a deep review of year-end free cash and proposed using MGM/121A funds for property-tax relief; the administration warned one-time funds are not a sustainable substitute for recurring revenue and cautioned against actions that could lower bond ratings.
Councilors used the budget hearing to press for transparency about sources of free cash and how one-time funds have been used. "It feels like there's some excess in some of the budgets, and then it turns into free cash at the end of the year," one councilor said, urging a "deep dive" into the…
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