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County Board plans to transfer up to $400,000 in highway funds to cover operating expenses

Money expected to be repaid by July 1

Kevin Kunkel
Putnam County treasurer
Kevin Kunkel Putnam County treasurer

HENNEPIN — Putnam County has been making strides in cutting expenses, but still will need to move funds to cover operating expenses over the next few months.

Board members agreed at last week’s meeting to move up to $400,000 from the highway department to cover other expenses, which will be paid back by July 1 with property tax income.

By moving funds rather than issuing a tax anticipation warrant, the county will save money in interest. The transfer will not affect upcoming bridge work, which is to be paid later in the year.

Treasurer Kevin Kunkel reported that the current total in the county’s general fund is $280,715.

The board heard about possible interest from a cannabis cultivator about coming to the industrial area of the county, but all talks are in the preliminary question-and-answer phase.

Mid-American Growers of Granville is in the process of seeking a craft growers permit for cannabis at its facility, which is the largest indoor hemp production facility in the nation. Those licenses could be issued by March.

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