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Cass County flood sales tax fund at $11.7M; committee weighs diversion funding options
Summary
Committee was told the flood sales tax fund holds about $11.7 million in cash with roughly $9.7 million available; members discussed past shifts in how much is directed to the diversion project and the possibility of a short-term reallocation to strengthen the diversion’s finances.
An unidentified presenter told the Cass County Flood Sales Tax Committee on April 21 that the fund holds approximately $11,700,000 in cash, of which about $1.9 million is already set aside for previously approved projects, leaving roughly $9,700,000 available for other projects.
The presenter said the balance represents roughly a 20% increase over last year and that the fund’s balance has risen by about 16% annually. "We…
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