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Finance Committee outlines transfer of $250,000 to cover tax refunds and $13,500 for cloud backup software
Summary
Tax Commissioner Hamilton explained a Finance Committee resolution to move $250,000 within the City Income Tax Fund 2016 to cover increased tax refunds and to appropriate $13,500 for software to migrate the backup server to the cloud for added security.
The committee considered Temp Res #65-25 on July 14, which would move funds within the City Income Tax Fund and appropriate a small IT expense.
Tax Commissioner Hamilton told the committee the resolution is needed to transfer $250,000 in the City Income Tax Fund 2016 to cover higher-than-expected tax refunds. The item also appropriates $13,500 to purchase software to migrate the tax office’s backup server to a cloud environment, a change the minutes say will provide "more security among other benefits."
Why it matters: the transfer is intended to ensure the tax office can cover refund obligations, and the IT appropriation aims to improve backup security. The minutes indicate the item is scheduled for three readings in the Finance Committee; no vote or final approval is recorded in the minutes.
