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Commissioners weigh using fund balance versus raising levy as capital needs grow
Summary
Board members debated whether to use Goodhue County's above-policy fund balance to cover one-time facility repairs or to spread costs via levy increases or bonding; officials noted potential savings when current debt service ends in 2030 could free about $1.8 million for capital use.
Commissioners at the Committee of the Whole debated whether Goodhue County should use excess fund balance to avoid steep near-term levy increases or preserve reserves for future contingencies.
"To me, it seems like this might be a year that we say, okay, if these things are important ... we'd have to use fund balance to do probably a significant amount…
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