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Bromley schedules special meeting, holds first reading of tax rate and approves $75,000 transfer
Summary
Council held a first reading of Ordinance 8-1-24 keeping the tax rate at 0.220, set a special meeting for Aug. 28 to complete the second reading, and approved a $75,000 transfer from the money market to the General Fund to cover short-term cashflow needs.
At its Aug. 14 meeting the Bromley City Council held the first reading of Ordinance 8-1-24, which keeps the city tax rate at 0.220. Councilors said a second reading must be completed prior to Sept. 9; the council scheduled a special meeting for Aug. 28 so that the second reading and any required administrative steps can be completed.
Ways and Means chair Mike Kendall reported tighter General Fund balances one month into the fiscal year and proposed moving $75,000 from the Road Fund temporarily until grant reimbursements arrive. Other councilors (Gail Smith and City Attorney Kim Vocke) objected to using the Road Fund; Kendall rescinded that motion and moved instead to transfer the funds from the money market account. The transfer motion passed unanimously (5–0).
The council recorded no vote-by-name in the minutes beyond the unanimous tallies. The transfer is intended to be reimbursed when grant funds are received; the council did not specify exact timing for reimbursement in the meeting record. Councilors said the special meeting will address outstanding procedural items related to the tax ordinance and other time-sensitive actions.
