This ordinance removes the Budget Savings Incentive Fund from the Administrative Code. It aims to streamline financial management by eliminating this specific fund.
Ordinance amending the Administrative Code to eliminate the Budget Savings Incentive Fund.
How it got here
The legislation to eliminate the Budget Savings Incentive Fund originated from the Mayor's Office as part of the proposed budget for Fiscal Years 2025-26 and 2026-27.
The Mayor's Office submitted the proposed budget for FY 2025-26 and FY 2026-27, which included a request to eliminate the Budget Savings Incentive Fund due to its zero balance since 2020.
The Mayor's Office requested a 30-day waiver for the legislation to eliminate the Budget Savings Incentive Fund as part of a larger set of trailing legislation.
The Budget and Appropriations Committee recommended the ordinance to eliminate the Budget Savings Incentive Fund for passage.
The Board of Supervisors continued the ordinance on first reading, allowing for further discussion.
The Board of Supervisors passed the ordinance on first reading, moving it closer to final approval.
The Board of Supervisors finally passed the ordinance to eliminate the Budget Savings Incentive Fund.
The Mayor approved the ordinance, officially enacting the elimination of the Budget Savings Incentive Fund.
Reconstructed from attached documents & the official record
