Knox City Council to Consider Loans between City Funds to Prepare for COVID-19 Impact

The Knox City Council will take steps tonight to prepare for COVID-19’s impact on the city’s finances. Council members will consider temporary loans of $150,000 from the Economic Development Income Tax Fund to the General Fund and $35,000 from the Rainy Day Fund to the Motor Vehicle Highway Fund. Mayor Dennis Estok told the board of works Friday that MVH is expected to take a big hit.

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