FREDERICK, Md. (AP) -- The Frederick County Commissioners may dip into a reserve fund to help close a budget deficit projected at $12 million for fiscal 2010.
The commissioners have already cut the deficit by more than $40 million for the fiscal year that starts July 1.
At a meeting on Tuesday, the commissioners voted to conduct a public hearing on accessing a $5 million reserve fund. They'll also conduct a hearing at the same time on withdrawing money from the fund, as required by law.
The vote was 3-1. John L. Thompson Jr. opposed the measure, and Charles Jenkins abstained.
The fund was created in 2003 in an effort to improve the county's bond rating. Current law states that the commissioners can use the fund only to meet "unexpected expenditures" that can't be covered by the normal contingency fund.
Commissioners President Jan Gardner proposed changing the law to also allow withdrawals under "extreme circumstances as determined by the Board of Commissioners." She said with revenue falling, the county needs the funds.