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Resident questions large reserves; trustees say funds are earmarked for major projects
Summary
A resident told trustees the township holds nearly $20 million in reserves and urged returning money to taxpayers; trustees and staff said the funds are earmarked for capital projects including the Public Works building, Mounts Park remediation and a ladder truck purchase and outlined funding sources including bond proceeds and ARPA allocations.
During public comment, resident Rusty Holman told the board he reviewed recent financials and urged trustees to pursue returning money to taxpayers. Holman said that after accounting for the public works bond, the township still showed "over 19,000,000, almost $20,000,000 in reserves" against $18,000,000 in appropriations and described that as "over a 12 month…
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