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Danville council adopts policy capping host fund use pending future review
Summary
The Danville Town Council approved Ordinance 14-20-24, establishing a formal policy to limit withdrawals from a host fund until the balance reaches a set threshold; councilmembers discussed long-term funding shortfalls and the ordinance’s limited enforceability.
The Danville Town Council on July 2024 approved Ordinance 14-20-24, a policy establishing a threshold for withdrawals from the town’s host fund and formalizing a practice of withholding spending until the fund reaches the set cap.
Council members said the measure is intended to help the town “get ahead” of growing costs tied to the fund and avoid repeatedly playing catch-up on…
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