Posted by Jon Fleischman at 12:00 am on Feb 14, 2009 Comments Off on Zycher v. Genest: IV
Director of Finance Mike Genest’s latest volley back in the
great Zycher-Genest Spending Cap debate. Genest is responding
to a back and forth that can be seen
here. No doubt will hear from Zycher soon. Genest
and Zycher and their significant others are more victims of pushing
through this plan on Valentine’s Day evening…
From Genest:
I have the actual bill, which is in
print, ACA 1 in the 3rd extraordinary session. Look on page
4, lines 25 through 28: "For fiscal years commencing on July 1,
2011, this subdivision shall be operative only if a transfer of
moneys from the budget stabilization fund to the general fund is
authorized pursuant to subparagraph (A) of paragraph (2) of
subdivision (f)."
That means, after 2010-11, there will
be no more transfers from the rainy-day fund unless needed to put
just enough back in the general fund to cover a current services
level budget. That’s not interpretation, it’s… Read More