|
There is about $2 million left in the city’s tree protection trust fund, an account fed by developers’ contributions that had a balance of more than $10 million just a year ago.
The sagging economy – which dried up new housing starts and stopped money from coming in – is to blame, and there are no accusations of improper spending or mismanagement. But the fact remains that a line of money that once seemed never-ending is expected to end, and soon.
The council’s Finance Committee, led by Stephen Joost, has stopped new spending out of the tree protection fund until a decision can be made on how the remaining dollars should be used.
Source: www.jacksonville.com
|
