Union Contract COLA Funding Transfers

At a glance

Based on auto-generated captions; names and numbers may be misheard.

  • What: Fund transfer FT-3-27 moves money to the departments that must absorb the cost of the newly finalized union contracts (cost-of-living adjustments). Supplemental appropriation SA-8-27 replaces the pay-as-you-go (paygo) capital money moved out of projects with capital reserve funds.
  • Where it stands: On 2026-10-21 the Finance Committee gave both items favorable recommendations on voice votes with no opposition. Full council vote expected at the next council meeting.
  • Next: Council action; the committee asked for a two-to-three sentence explanation in the agenda cover note and in the committee report.

Main points

  • A senior budget analyst said the only use of the moved paygo money is to pay for the union agreements.
  • Both items were added to the agenda at the last minute; the chair apologized to staff for the short notice.
  • Members were relieved that the roughly 200,000 dollars drawn from sidewalk projects is replaced by SA-8-27.

Sources

Discussion time

About 6 minutes across 1 meeting (from transcript timestamps; approximate).

Meeting Minutes
2026-10-21 - Finance Committee 6

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