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Wayne County outlines conservative strategy for opioid settlement funds and moves some amounts between pools
Summary
Finance staff explained that the county has received more than $20 million from opioid settlements, described the fund as split into restricted and unrestricted pools (about $1.6 million in the reporting pool as stated), and proposed capping annual spending to track funds over time while keeping balances in fund balance.
Kamal Kapoor, finance director for the Department of Health, Human and Veteran Services, briefed the committee on adjustments to the opioid settlement fund. Kapoor said the county has received just over $20 million so far from settlements and described two pools of money: one that must be reported against specific settlements and another…
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