Council puts brakes on cash incentive packages

Posted on November 8, 2017

In a move to protect city cash reserves from any future cash incentive packages, the Perry City Council is considering a new ordinance that would require two key guarantees from the individual(s) seeking assistance: a performance-based plan of action and collateral that would be used to secure the city-backed funds.

A first reading of the ordinance was held Tuesday, and a final vote is expected during a second public hearing slated for Tuesday, Oct. 24.

Subscribe to our e-Edition and read the rest of the story. Already a subscriber? Click here to sign in.