The San Diego County Board of Supervisors voted 3-2 Tuesday to change policies aimed at allowing the county to tap into its financial reserves to offset cuts coming from Washington, D.C.
The policy change will require a second reading before any formal approval, according to county rules.
The proposal, sponsored by Chair Terra Lawson-Remer and Vice Chair Monica Montgomery Steppe, has two updates to the county's reserve policy:
Modifying the reserve target calculation to two months of operating expenses only, reducing said target from $973 million to $945 million; and
Recognizing all locally controlled reserves, not just "unassigned" funds. Following a future presentation by Ebony Shelton, chief administrative officer, any proposal to spend the reserves will require approval by at least