Inglewood

City Council

June 25, 2024 Council Initiative #1

Agenda Item 1

COUNCIL INITIATIVE\nCI-1. MAYORAL\nInitiative by Mayor James T. Butts, Jr., recommending that the City Council\napprove award of a one-time property tax relief payment of $500, in the form of\na pre-loaded debit card, to approximately 11,230 single family homeowners at a\ncost not to exceed $5.75 million to be distributed by December 1, 2024.\nRecommendation:\n1. Approve award; and\n2. Adopt a resolution amending the Fiscal Year 2023-2024\nOperating Budget, transferring $5.75 million from the General\nFund Unassigned Reserves to Administrative Non-Departmental\nAccount. (General Fund Reserve)\nDocuments:\nC-1.PDF