City council relaxes Rainy Day Fund rule
| By Mitchell Kirk, Pharos-Tribune, Logansport, Ind. | |
| McClatchy-Tribune Information Services |
Former rules gave city council the first three months of every year to decide how much money to place in the
Council members
Bishop said the change expands the council's manageability over a necessary tool to aid in emergencies.
"It's our savings account," he said.
Buck agreed.
"It allows us to have a small safety account, basically is what it amounts to," he said.
Popejoy said she thought the rules were fine the way they were.
"You know what your budget is in January," she said. "If you're going to transfer to the
Ashcraft said he had mixed feelings on the matter, adding his decision could change by the second and final vote during the council's
Indiana Code permits cities to transfer unused and unencumbered funds to a rainy day fund as long as it does not exceed more than 10 percent of the city's total budget.
Bishop said city council could place up to
Ashcraft said part of his current opposition stems from a desire to find a way to get these unused and unencumbered funds back to taxpayers.
He added he is also concerned by the fact that money in rainy day funds is not scrutinized by the
LaDow shared a similar sentiment, adding he feels state board of accounts scrutiny is a good thing.
"I believe in checks and balances," he said.
City council will hold its second and final vote on the matter at
In other news, the council also:
--Approved unanimously an ordinance on first reading outlining a list of 18 rules to be enforced at
--Approved unanimously on first reading the city's 2015 budget. A last-minute amendment suggested by
Read the P-T's coverage of the start and conclusion of 2015 budget talks.
--Approved unanimously a resolution appointing
--Approved 6-1 an ordinance on first reading amending the city's rules regarding abandoned vehicles, with Bishop dissenting. The changes included bringing procedures for selling confiscated abandoned vehicles in accordance with current Indiana Code and including a vehicle that is mechanically inoperable visibly left on private property for more than 14 days in its definition of an abandoned vehicle. Bishop offered an amendment striking the exception for violators who are U.S. military members away on active duty and students away at college, calling it discriminatory, but it failed 2-5.
Read the P-T's coverage of city council's updated abandoned vehicles rules.
--Approved unanimously an ordinance on first reading requiring
Read the P-T's coverage of city council's consideration of placing polygraph test fees on LPD and LFD applicants.
--Approved unanimously an ordinance on first reading establishing a fund for LPD and LFD applicant polygraph test fees.
--Approved unanimously an ordinance on first reading establishing a "Complete Streets" policy "to develop a safe, reliable, efficient, integrated and connected multimodal transportation system that promotes access, mobility and health for all users"
--Approved unanimously an ordinance on first reading authorizing the rezone of the
Read the P-T's coverage of the planned unit development for the mall area.
Reach
City council shifts funds
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(c)2014 Pharos-Tribune (Logansport, Ind.)
Visit the Pharos-Tribune (Logansport, Ind.) at www.pharostribune.com
Distributed by MCT Information Services
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