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Shelby County board approves $35,000 transfer to cover Social Security shortfall amid investment debate
Summary
The Shelby County Board voted 16–1 to move $35,000 from LDCF funds to the county Social Security account to cover payroll obligations through June, while members pressed the treasurer and staff to pursue higher-yield investments and other funding solutions.
The Shelby County Board on May 8 approved transferring $35,000 from LDCF funds to the county Social Security fund to cover an apparent shortfall in payroll-related Social Security payments through June.
Board members said the transfer is a temporary “patch” to prevent missed payments until the county receives its tax distribution in July and to buy time for staff to identify longer-term funding options. The motion passed 16–1, with Christy Matlock casting the lone no vote.
Board members described the transfer as necessary to avoid penalties and to ensure payroll obligations are met. One board member framed it as an immediate requirement, saying county offices cannot simply…
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