Council creates Host Community Fund after unexpected $39,000 cannabis excise payment
After receiving $39,000 in cannabis excise funds in January, the Council unanimously adopted Resolution 010-26 to establish Host Community Fund (224) to hold and control the revenue while Council considers eligible uses such as housing demolition and other restricted purposes.
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The Alliance City Council voted unanimously Jan. 20 to establish a Host Community Fund (Fund 224) to receive and control cannabis excise revenue after Auditor Knowles reported the city unexpectedly received $39,000 in January. Knowles said the city received "36% of the 10% excise tax" and asked council to establish a restricted fund to manage the receipts.
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