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Kane reserve fund cut is blamed on assessment drop

January 9, 2014

Photo by Ted Lutz – Kane Mayor William "Yogi" Osmer (left) administers the oath of office to Councilman John Gentilman (right). Gentilman was re-elected in November to another four-year term on council. The mayor and three other councilmen were sworn in Dec. 30 by Kane District Court Judge Dave Engman.

A hefty drop in total Kane property valuation is blamed for a drastic cut in the borough's reserve fund.
The 2013 budget included $25,000 in the capital reserve fund to pay for unexpected expenses during the year.

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