25-92A
Authorize the following revisions to the Financial Management Performance Criteria to: (1) add language that establishes an Employee Benefit Reserve in Unassigned Fund Balance; (2) clarify the pension benefit adjustment approval process for Employees Retirement Fund and Dallas Police and Fire Pension System; (3) change the comparison of the disabled and over 65 property tax exemption to the consumer price index to use the median residential market value instead of the average residential market value; and (4) exclude certificate of obligation debt repaid by Enterprise Funds or other funds with an existing dedicated rate structure from the limit on total certificate of obligation debt; and (5) add language that all retirement systems will be financed in a manner to systematically fund liabilities - Financing: No cost consideration to the City
- Committee
- Budget and Management Services
- Requested by
- Budget and Management Services (BMS)
- Introduced
- October 2, 2024
- On agenda
- March 26, 2025
- Enactment no.
- 25-0434; CORRECTED; APPROVED AS AMENDED