LACEY –– Members of the Lacey Finance & Economic Development Committee will meet Tuesday morning at 8:30 in a virtual meeting to talk about amendments to the city’s budget, a routine part of budgetary planning finance officials do over the course of the year.
According to documents related to the budget amendments, city officials usually amend the current budget right before a budget for the next year is developed and proposed, but this year, the COVID-19 pandemic put city officials in a position to make several “out-of-cycle” budget amendments.
Some of these amendments identified since the 2020 budget adoption include $100,000 to be spent on the city’s Carbon Reduction Plan, $86,000 for homeless response strategies, more than $102,000 for the Affordable and Supportive Housing State Shared Tax, a $100,000 grant from the State Department of Commerce to be used for identifying locations to build affordable housing, among other housing-related efforts.
Another item identified this year by city finance officials include expenditures the CARES Act can reimburse the city for. These include $1 million for the small business stabilization fund, more than $250,000 for United Way COVID-19 relief programs, almost $200,000 for childcare programs at the Thuston Economic Council and $10,000 each to the Homeless Backpack Program and the Thurston Economic Development Council Business Personal Protection Equipment Program.
The Lacey Finance & Economic Development Committee meets Tuesday, Aug. 25 at 8:30 a.m. in a virtual meeting. To find out more or to register to attend the meeting, click here to visit the committee’s Aug. 25 agenda.
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