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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jul 28, 2024
Page
8
Lawrence eyes a $4 million emergency budget adjustment for 2024 and 2025, blending spending cuts with use of fund balances. The plan aims to offset weaker sales tax, with specifics still pending public briefing and final commission approval.
Owens defends a broader fund balance policy while noting no explicit maximum. Journal-World cites past 30 percent cap in 2020 for general fund only and calls for two-way protection. Government Finance Officers Association urges local governments to set minimum and maximum reserve levels to maintain trust and clarity.
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