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Finance committee reviews opioid-settlement allocation and proposes general fund carryover policy
Summary
At a Feb. 20 finance committee meeting reported to the March 3 council, members discussed directing opioid settlement dollars to local programs, considered a 25% general-fund carryover minimum, and instructed the law director to draft related legislation.
Councilmember Kevin Reisner reported on a Feb. 20 finance committee meeting during the March 3 Tiffin City Council meeting where members reviewed options for allocating the city’s opioid settlement funds and considered a formal general fund carryover balance policy.
The discussion matters because the council must decide how to use a recurring but declining revenue stream from opioid settlements and how large a reserve the city should keep to cover emergencies and capital needs.
Committee members heard presentations and data from Law Director Zachary Fowler and State Auditor materials. The committee discussed directing a portion of the city’s opioid settlement funds to local service providers. The city’s projected annual share of the opioid settlement…
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