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Philadelphia Council Moves Forward with Mandatory Budget Stabilization Reserve for City's Future Needs

Official:Providing for the submission to the qualified electors of the City of Philadelphia of the proposal set forth in a Resolution approved by Council proposing amendment of the Philadelphia Home Rule Charter providing for a mandatory Budget Stabilization Reserve; and authorizing the appropriate officers to publish notice and to make arrangements for the special election.

Sponsor: Councilmember Kenney

Introduced: June 8, 2006

: Committee on Law and Government

finance government

No one voted on this bill

This bill was introduced in the 2004–2007 Council term and when that term ran out. The public record shows no committee vote and no floor vote at any stage, so no member of Council ever went on record for or against it.

That is not unusual here. Of the 8,465 bills introduced between 2000 and 2025, 1,624 lapsed without a single recorded vote. Ninety percent of bills that became law carry a roll call. Three percent of lapsed bills do. How this works.

Plain-Language Summary

This bill proposes to add a mandatory 'rainy day fund' to the Philadelphia Home Rule Charter, allowing the city to save for unexpected expenses and restrict how it can be used.

What This Bill Does

AI-written. Every figure is checked against the bill text.

The bill does the following

Proposes an amendment to the Philadelphia Home Rule Charter to create a mandatory Budget Stabilization Reserve, also known as a "rainy day fund".
Submits this proposal to the qualified electors of the City of Philadelphia for their approval or disapproval at the election to be held on November 7, 2006.
Authorizes the Clerk of Council to print and distribute to the public the proposed amendment and the ballot question, which asks electors to answer "Yes" or "No" to the proposal.
Directs the Clerk of Council to publish notice of the special election in three newspapers of general circulation in the city.