Last week the city’s budget director Paul Payne said he lacked confidence that the financial agreement wouldn’t ultimately dip into the city’s general revenue fund. A spokesman for Comptroller Darlene Green declined to comment Monday.

The proposal’s intent is to use only new revenue from a business use tax increase triggered if voters approve a half-cent sales tax increase for MetroLink expansion and other city services.

The MetroLink ballot proposal would also need approval by the Board of Aldermen and a judge to make the April 4 ballot. It was heard but not voted on at Thursday’s committee meeting.

Mayor’s Office spokeswoman Maggie Crane said they expect a hearing on both proposals this week. Such a hearing would require 24-hour advance notice under the state’s Open Meetings Law.

Ways and Means Committee chairman Stephen Conway, 8th Ward, said he will hold a meeting when the different sides tell him they’re ready.

“We will do that because no matter what the outcome is, it’s in our best interest to address all these issues,” Conway said.

A new hearing had been posted for Monday of this week but was later removed and not published in the official board calendar.