ORD-MC Pertaining to the Annual Budget Proposal; Amend Sec 106.106 (Balanced Budget & Budget Stabilization Reserve), Part 1 (General Provisions), Ch 106 (Budget & Accounting Code), Ord Code, to Provide that the Annual Budget Proposal shall not be Considered a Balanced Budget if it Fails to Contain an Approp for Each Completion Grant or Similar Financial Incentive Expected to Become Payable During the FY of the Proposed Budget; Providing for Codification Instructions (Staffopoulos) (Introduced by CM Miller) 2/10/26 CO Introduced: NCSPHS, F 2/17/26 NCSPHS Read 2nd & Rerefer 2/18/26 F Read 2nd & Rerefer Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 2/24/26

This ordinance, introduced by Council Member Miller and prepared by the Office of General Counsel, amends Section 106.106 of the City's Ordinance Code concerning the annual budget proposal. The key change is that an annual budget will not be considered balanced if it fails to include an appropriation for every completion grant or similar financial incentive that is scheduled to become payable during that fiscal year. The intent is to ensure that anticipated financial incentives are accounted for within the proposed budget, preventing the need to use operating reserves or other funds later in the fiscal year to cover these obligations. This amendment is considered to have no direct cost to the City and no direct economic impact on private businesses. The ordinance is scheduled for public hearing on February 24, 2026.