Coldwater council makes wish list of capital projects

Don Reid The Daily Reporter • May 30, 2022

Coldwater council makes wish list of capital projects

Coldwater has a healthy fund balance reserve. Recreational marijuana excise tax revenue for 2022 is $338,720. 


Last week, mayor Tom Kramer called on city council members to set priorities for using some of those funds.


"It just seems that we need to take a minute and talk about what vision we have," make a wish list, he said.


Council has talked about holding marijuana excise funds for several years to fund major projects. 


With the proposed 2022-23 deficit budget set for passage in June, "right now we have about $5.1 million in the fund balance. That's 50% of our general fund in our fund balance which is very healthy. There is some room for projects that would contribute to the community, projects that many other cities would die to have the opportunity to do," the mayor said.  

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