Proposed $501 Million Supplemental Budget Adjustment

Original title: MOTION TO ADOPT supplemental budget Resolutions within the Special Revenue Funds in the amount of $501,494,009 to primarily adjust the fund balances and other budgeted revenues and appropriate funds to reserves and other commitments.

Record date · May 6, 2025

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Does

This resolution proposes a $501.5 million adjustment to the city's . The funds are intended to balance accounts, adjust projected revenues, and move money into reserve funds and existing financial commitments.

Why it matters

This action reallocates $501,494,009 in public funds, which changes the amount of money available in specific city reserves and adjusts the revenue projections for the current fiscal period.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

City Finance Department

The department is responsible for executing the reallocation of the $501.5 million across the specified revenue funds.

Directly affected

Local Taxpayers

Taxpayers are affected by the movement of public funds into reserves and the adjustment of revenue projections for city services.

Key Facts

The resolution proposes a supplemental budget adjustment totaling $501,494,009.
The funds are designated for Special Revenue Funds.
The primary purpose is to adjust fund balances and budgeted revenues.
The funds will be appropriated to reserves and other financial commitments.

Show all 7 facts

The document is classified as a Public Hearing item.
The file number for this legislative action is 25-314.
The resolution was introduced on March 4, 2025.

Frequently Asked Questions

What is a supplemental budget?

A supplemental budget is an adjustment made to the original budget after it has been passed to account for changes in revenue or to move funds into different reserve categories.

Where is this money coming from?

The document states the funds are being adjusted within the to align with s and budgeted revenues.

What else do you want to know?