Vote — approved

Jack Sellers	yes
Thomas Galvin	yes
Bill Gates	yes
Clint Hickman	yes
Steve Gallardo	yes

Ayes: Jack Sellers, Thomas Galvin, Bill Gates, Clint Hickman, Steve Gallardo

Item Text

113. EXPENDITURE AUTHORITY FOR INTEREST REVENUES Authorize the use of ARPA related interest to help mitigate the financial impact of Qasimyar v. Maricopa County on disadvantaged taxing districts. Pursuant to A.R.S. 42-17106(B), authorize the following appropriation adjustment to the FY 2025 budget: 1. Increase the expenditure authority for the Non Departmental (D470) Coronavirus Fiscal Recovery Fund (296) Qasimyar (QSYR) budget in the amount of $14,000,000. Interest revenues are not local revenues for the purpose of the constitutional expenditure limitation, and therefore, expenditure of the funds is not prohibited by the budget law. This budget adjustment does not alter the budget constraining the expenditure of local revenues duly adopted by the Board pursuant to A.R.S. §42-17105. This item was heard in the executive session on July 22, 2024. (C-18-25-007-X-00)

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