
26:17 - 27:00
"We set out to make reductions in services of at $2 million, and we did not meet that. And the way that we got our fund balance out of the negative numbers and back to a positive number was to eat into our CIP."
“We set out to make reductions in services of at $2 million, and we did not meet that. And the way that we got our fund balance out of the negative numbers and back to a positive number was to eat into our CIP.”
But the reason that I still move to, to make this amendment is that when I look, we're going to act on our budget overall as a whole tonight. We've received a good amount of feedback from the community about things people would like not to be defunded. We've talked about what we set out to do within this budget year, and we know where we got on that. We set out to make reductions in services of at $2 million, and we did not meet that. And the way that we got our fund balance out of the negative numbers and back to a positive number was to eat into our CIP.
The Assembly voted 6-3 to raise the vehicle sales tax cap from $14,300 to $50,000 after rejecting proposals to remove the cap entirely. The move is one of several revenue measures officials are weighing to close a $10 million to $12 million budget gap.
