Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
County executive says finances are solvent as council presses for long-term plan for Gracedale nursing home
Summary
Northampton County Executive Lamont G. McClure told the County Council the county has substantial liquid assets and can meet obligations, while several council members pressed for a task force and further review of long-term financing and operations at Gracedale nursing home.
At a Northampton County Council meeting, Lamont G. McClure, Northampton County executive, said the county is holding substantial liquid assets and can meet near-term obligations while council members pressed for a long-term plan for Gracedale nursing home.
McClure told the council that some public discussion had relied on unaudited end‑of‑year figures and said those figures gave a misleading impression that the county had only $3,000 on hand. He cited the county’s CRIM account market value of $53,491,448.78, a common bank account balance of $64,558,104.70 and an additional $35,218,914.11, saying those amounts bring the county’s available liquidity to about $140 million. “Rest assured, people of Northampton County, we can keep the lights on,” McClure said.
The executive also…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
