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 an 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: May 6, 2010
Signed: April 14, 2011
: Committee on Law and Government
Status: Signed into Law, step 4 of 4
This bill asks voters to approve a change to Philadelphia's Home Rule Charter that would require a 'rainy day fund' (a savings account for unexpected expenses) and put restrictions on how it can be used.
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