The City of Knox is making sure it has funds available to keep the city operating during the COVID-19 pandemic. The city council approved a pair of temporary loans between the city’s funds, according to draft minutes from the April 28 meeting.
The General Fund is getting $150,000 from economic development income tax revenues. The city will also dip into its Rainy Day Fund to provide $35,000 to the Motor Vehicle Highway Fund. The resolution approved by the city council says the money will be paid back to the original funds when the June tax draw is received.
