Published on April 13, 2023
At today’s General Policy Committee meeting, City of Gainesville staff, from both General Government and Gainesville Regional Utilities (GRU), will present to city commissioners a new formula for determining the General Fund Transfer – now referred to as the Government Services Contribution (GSC).
When: Thursday, April 13 at 1 p.m.
Where: City Hall Auditorium, 200 E. University Ave.
The GSC is the annual transfer of funds from GRU to General Government to support the delivery of municipal services and programs. The GSC for the current fiscal year totals $34.3 million. Staff will propose a new formula that would reduce the GSC for FY24 to $15.3 million, a reduction of more than 55 percent from the current level.
City staff also will ask the commission to approve a 10-year time frame to accelerate the reduction of debt service level during the next decade.