City council approves capital fund
Gary Beach, Kristin Smith and Brian Zimmerman of Libby City Council at a March 2020 meeting. (Derrick Perkins/The Western News)
Libby City Council voted unanimously March 15 to create a capital improvement fund, the first step in creating a fiscal tool to prepare for major expenditures down the line.
Used in conjunction with a Capital Improvement Plan (CIP), the fund will let city officials plan for expenses as well as soften the blow to municipal coffers — and the taxpayer by extension...
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