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Page 18 <br /> 1 is in the General Fund. So the way this works is that <br /> 2 if we were to have revenue from G. E . surcharge, it <br /> 3 would go to Transportation, but then we could move the <br /> 4 Mass Transit budget -- that 4 . 9 million -- out of the <br /> 5 General Fund into the fund that would be set up for the <br /> 6 G.E . tax and that would get us balanced again. At $5 <br /> 7 million less than what the budget instead of General <br /> 8 Fund being 419 million, it would be 414 million, but <br /> 9 that would then mean we could just maintain operations <br /> 10 going forward as we had put them forward in the May <br /> 11 budget . <br /> 12 The Council considered a lot of things . They <br /> 13 didn' t actually even consider the real property tax, <br /> 14 but they did consider the G .E . tax and budget cuts . In <br /> 15 fact, spent a long time discussing this and proposing <br /> 16 budget cuts, none of which ultimately passed. And so, <br /> 17 they ended up with a budget that didn' t pass the County <br /> 18 Council . Only two members of the County Council voted <br /> 19 in favor of the budget, which was unique . We haven' t <br /> A <br /> 20 had that situation before . <br /> 21 But something, sort of, like that has been <br /> 22 anticipated, and so what happens is the May 5th budget <br /> 23 becomes law. The mayor' s submitted budget -- passed or <br /> 24 not passed -- because it wasn' t passed with any <br /> 1 <br /> 25 amendments, is now our budget, and that any time frame <br /> 4 <br /> 4K . � <br /> ISLAND COURT REPORTING & TRANSCRIPTION SERVICES <br /> (808) 933-9800 <br />