Title
AN ACT CONCERNING INTERPROJECT TRANSFERS OF APPROPRIATIONS IN THE APPROVED FISCAL YEAR 2027 CAPITAL BUDGET AND SUPPLEMENTARY APPROPRIATIONS IN THE APPROVED FISCAL YEAR 2027 CAPITAL BUDGET for the purpose of transferring appropriations to the District VI Police Station (3.50.0001) project from the County Administration Building Refresh (4.31.0003) project and providing supplementary appropriations for the Public Safety Infrastructure Upgrades (4.31.0004) project.
Background
This bill provides the authority to transfer appropriations of $4,000,000 to the District VI Police Station (3.50.0001) project from the County Administration Building Refresh (4.31.0003) project. The bill also provides the authority for supplemental capital appropriations to the Public Safety Infrastructure Upgrades (4.31.0004) project.
The fiscal impact on the County resulting from the interproject transfer is $0, as the transfer reallocates existing appropriations from a project where appropriations exceed estimated costs in the fiscal year to a project where the existing appropriation is insufficient to meet estimated costs. The fiscal impact on the County resulting from the supplemental appropriations is approximately negative $62,000,000, reflecting the additional debt issuance required to fund the appropriations.