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Madison County reviews funding options and timing constraints for multiple capital projects
Summary
County finance staff briefed commissioners on available revenue sources—MBS/dividend income, slot dollars, forfeited funds and grants—and warned that timing rules and reimbursements (Land & Water, CDBG) will affect when projects can be advanced or reimbursed.
County finance staff reviewed the funding picture for the campus of projects, telling commissioners there are several possible revenue sources but timing and program rules will shape feasibility.
Speaker 3 reported that MBS securities dividends total about $1,078,000 as of Oct. 31, and that forfeited funds (city opt-ins) are projected to bring roughly $400,000 by June 30, 2026. The board…
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