The Lancaster County Board is holding a hearing on what to do with the proceeds of Lancaster Manor.
Tuesday, February 15
City Council / County Board Chambers
555 S. 10th St.
Lincoln, NE 68508
Board Member Brent Smoyer sent the following information about the meeting:
Now, the endowment folks are rallying to push for the immediate creation of the endowment. While I have long said if we were fiscally in the black as a county, an endowment might be appropriate, but seeing as we are dangerously close to red, I believe we should save it (incidentally…the article has it wrong, I DON’T want it in the general fund, as that would amount to one time funds like Obama’s “Stimulus”…and I cannot support such action).
I think as much as these folks are rallying we need conservative thinkers to rally as well, so any help I can get would be most appreciated.
The hearing about the Manor Funds is FEBRUARY 15TH, AT 5:00PM in the County Board/City Council chambers.
The people who are pushing for the proceeds to be placed in an endowment have been sending out information, citing a Lincoln Journal Star editorial and article, pushing for establishing the endowment.
As Mr. Smoyer notes, they are erroneously stating that he wants the money from the proceeds to go into a general fund. He wants the proceeds to be retained in reserve due to current economic times and the status of the County's finances.
If you are a Lancaster County resident, consider attending the meeting to show support for holding the proceeds of the Lancaster Manor sale in savings to ensure there is an available reserve.
If you cannot make the meeting, click HERE for Lancaster County Board member contact information.