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Saturday, Apr 20, 2024

City council to use reserve funds for conference center

PALMDALE – The city is shifting $760,010 from its financial reserves to come up with the $2 million needed to design a municipal conference center intended to accommodate business meetings. Voting unanimously and without discussion Wednesday, the City Council agreed to shift the money out the city’s unappropriated reserve fund, which typically represents about 5% of the city’s annual General Fund expenditures and is used to cover unexpected expenses. For the full story click here

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