How much cash reserves are enough? That’s the question Tippecanoe County officials are trying to determine. Members of the county council and commission are working out a five year financial plan before they begin crafting next year’s budget.
While the county has close to $20 million in its general and rainy day funds, a financial consultant wants there to be significant reserves in other funds too.
Commissioner Tom Murtaugh says they’ll have to find the right balance between maintaining steady revenue and increasing costs.