Tuesday, September 26, 2017

How to Spend $20 Million: County Commission to Decide

american money

“naplesThe Lee County Commission worked to determine the process by which they would choose how to spend the county’s projected $20 million excess reserve funds on Tuesday.

The commission adopted a requirement in 2015 that the county maintains 20 percent of its general fund as a reserve. That means the county is required to have $80 million in its reserve account but it is projected to have $100 by the end of the fiscal year.

Commission Chair John Manning said that the county already had an established list of priorities like transportation improvements, redevelopment and replenishing funds for the Conservation 20/20 program and that he would like to see the excess funds applied to those priority projects.

For the full story, visit Lee Herald.

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