Special Board of Aldermen 08-23-2021 Page 4
Chairman Dowd
You're on mute.
Fred Teeboom
It would be nice to point this out during the questioning period. Second of all, it seems to me that the public
should comment before the Aldermen comment. Anyway, you got my memorandum on this and the spending
cap is in place so the ordinances that apply to the spending cap to the extent that they don’t violate or they
conform with State law requires you to meet NRO 5-145 E. Any supplemental appropriation needs to state in
the Resolution the amount that is under the cap or over the cap. | did not see any amount in this Resolution
stating the amount under the cap and over the cap. That’s got to be fixed before you can pass it onto the full
Board.
The second comment is there’s a $750,000 that should go to surplus. | don’t understand why there’s this need
to spend this money that hasn’t even gotten a purpose yet. This should be transferred to the fund balance and
be used to offset the taxes which are now 3 % percent larger this year. So this should NOT be appropriated.
This $750,000 should lapse into fund balance. Thank you.
Chairman Dowd
Anyone else who would like to give testimony in opposition? Seeing and hearing no one.
TESTIMONY IN FAVOR - None
TESTIMONY IN OPPOSITION - None
Chairman Dowd
| will close the public hearing on Resolution R-21-158. We'll be addressing this further in the budget
meeting.
Alderman O’Brien
A 7:15 p.m.
R-21-160
RELATIVE TO THE SUPPLEMENTAL APPROPRIATION OF $250,000 INTO EXPENDABLE TRUST
FUND ESTABLISHED FOR THE BUSINESS AND INDUSTRIAL DEVELOPMENT AUTHORITY
Chairman Dowd
Mr. Cummings.
Tim Cummings, Economic Development Director
Yes thank you Mr. Chair. Tim Cummings, Director of Economic Development. The legislation before you
essentially seeds an account that would be used by the Business Industrial Authority over the coming years
for future projects. (no audio)
Mr. Chair I’m getting reports everyone on line can hear me.
Chairman Dowd
Okay now we can hear you again.
