A resolution to set aside $50,000 toward improving local streets in Grosse Pointe Woods was approved unanimously at Monday's city council meeting.
City Treasurer and Comptroller Dee Ann Irby said the council simply designated money from the city's budget that was not expected to be spent.
"I'm thinking there may be about $50,000 that's not spent of (the budget)," she said. "Normally it would just dump in to the generic general fund savings account, but because our roads need some significant repairs, I want the council to hold that just for local streets."
The process was formally referred to as "committing" a fund balance to the Local Street Fund, but Irby said that no new money is being used on this project.
"It's just like reserving it, or putting an earmark or tag on it that it can only be used as what is classified as a local street," she said. "There's local streets that the city is responsible for finding funding to repair and replace."
Irby added that no particular residential streets have yet been identified as targets of this $50,000.
I wonder how this $50,000 - must allocate now in GPW - nugget stacks up with other local governments and thank goodness it wasn't allocated for a bigger volunteer party!