File #: 202600242    Version: 1
Type: Motion Status: Agenda Ready
File created: 2/2/2026 In control: Budget, Finance & Governance Committee
On agenda: 2/2/2026 Final action:
ORD/RES# date: ORD/RES#:
Title: MOTION, submitted by Vice Mayor Kearney, WE MOVE that the Stabilization Funds (the "Waterfall") Policy is amended to remove the restriction to capital projects on the distribution of the last bucket of additional funds. Removing the restriction would allow City Council to allocate additional surplus funds where needed, including not limited to capital projects. (STATEMENT ATTACHED).
Sponsors: Jan-Michele Kearney
Attachments: 1. MOTION

title

MOTION, submitted by Vice Mayor Kearney, WE MOVE that the Stabilization Funds (the “Waterfall”) Policy is amended to remove the restriction to capital projects on the distribution of the last bucket of additional funds. Removing the restriction would allow City Council to allocate additional surplus funds where needed, including not limited to capital projects. (STATEMENT ATTACHED).