From the Shelbyville News:
After much discussion, Mayor Tom DeBaun put Shelby County Lifelong Learning and Community Aspiration back on the list of organizations that receive economic development income tax funds this week.
The city has, before distributing the funds approved at Monday night's council meeting, $2.3 million in its EDIT fund.
Monday, another $449,000 was allotted to various organizations and projects. The city will spend $200,000 to expand Industrial Park Drive to help local industry. It will spend $9,200 on accounting software for the Clerk-Treasurer Frank Zerr's office.
Five community agencies will be funded the same as last year after being approved by the council in recent weeks. The Shelby County Development Corp. will get $55,000, Mainstreet Shelbyville $75,000 and the Strand Theatre $20,000.
Shelby County Lifelong Learning will get $35,000 and Community Aspiration will get $55,000.
...
Shelbyville's EDIT fund might soon get a boost from the $1.1 million in EDIT and county adjusted gross income tax funds that the state withheld from the county and city due to a large-scale accounting error.
"We'll probably have to do an additional appropriation to spend the money," Zerr said.
He also said $300,000 will have to be paid back, in part, to the EDIT fund because the city made a temporary loan to itself to shore up its at the end of the year.
That money will have to come out of an already tight general fund and must be paid back by the end of the month.
http://www.shelbynews.com/articles/2012/06/06/news/doc4fce738628a52577237462.txt
