Council Approves Changes To Financial Policies

County Council voted 4-3 this evening to approve financial policy changes to the general fund, including dropping general fund reserves to 20 percent from 25 percent, moving the warning for reserves to 15 percent and consolidating those funds into one fund. Councilors James Chrobocinski, David Izraelevitz, Pete Sheehey and Chair Rick Reiss voted for the measure. Council also approved 7-0 a general fund move of $1 million to the Economic Development Fund and $500,000 to the Capital Improvement Project fund. Reiss emphasized that these moves do not mean the money is being spent but rather a move from one fund to another. Photo by Carol A. Clark/

General Fund Budget Summary Chart. Photo by Carol A. Clark/

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