Business and Personal Finance Dictionary

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• VACANCY DISCOUNT
  
  Projected salary savings from personnel turnover. The discount is budgeted as a percentage of the budgeted salary and retirement for General Fund departments. In FY 2002-2003, the discount is budgeted in the General Fund at 3.0% of combined salary and retirement for civilian positions, and 1.5% for uniform Police and Fire positions.
  
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