Speaker Menin on fiscal responsibility, Rainy Day Fund, and transparency terms
Menin highlights $350 million additional set aside for the Rainy Day Fund, a record 75 council terms and conditions for transparency, and 11 brand new terms covering child care vouchers, Fair Fares, PACT, OTI contracts, and more. She declares the budget a win for affordability, stability, and opportunity.
Even with these life-changing investments, we ensured that our city is on a firm financial footing.
And we're able to push for more funds for the Rainy Day Fund, something that we've been doing since day one of this budget negotiation.
And so I'm thrilled to say that an additional $350 million has been set aside for the Rainy Day Fund, because it is our duty to the people of our city to deliver a balanced and responsible budget
not just for next year, but for many years to come.
To further the spirit of good governance, our adopted budget includes a record 75 council terms and conditions that advance transparency by mandating agency reporting associations.
With spending.
Of the 11 brand new council terms and conditions, we've covered important topics like child care vouchers, fare fares, PACT, PHPT conversions, OTI citywide contracts, and clubhouses, and many other items.