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).

Committee

Budget, Finance & Governance Committee

Requested by

Jan-Michele Kearney

Introduced

February 2, 2026

On agenda

February 2, 2026

Where it was heard

Budget, Finance & Governance Committee Feb 2, 2026 Failed of Adoption Fail

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