Traverse City Record-Eagle

Opinion

April 4, 2014

Editorial: Without a compelling project, forget about 2014 ballot issue

(Continued)

This is looking more and more like an excuse to pump some additional trust fund money into city coffers over the long term. Right now about $250,000 a year from the fund goes into the city general fund. A 2013 Trust Fund ballot proposal would have asked voters to cap the $13 million trust fund at $12.5 million and set aside $500,000, plus five years of royalty payments, toward city parks. Interest generated beyond the cap would likely end up in the general fund.

This should be an effort fueled by a great idea, not looking for one.

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