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Council discusses supplemental LIT distribution and whether to set part aside for rainy day fund
Summary
Councilors reviewed a larger-than-expected supplemental local income tax distribution May 27 and asked the finance committee to analyze whether part of the funds should be placed into the county rainy day fund instead of spending them from county general.
Delaware County Council discussed a supplemental LIT distribution the county received and whether to place part of the funds into the county’s rainy day savings instead of spending the money in county general.
Finance staff presented a distribution summary dated May 21 and said the county’s share will go into county general. Council members…
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