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Some suburbs keep more money in reserve than needed

August 07, 2013

The majority of suburban municipalities are carrying more in reserves than necessary based on budget recommendations of the Government Finance Officials Association. Some, like Hainesville, Inverness and Green Oaks, keep more than a year or two in expenses. "I do think (the village's reserve fund) is too high," Hainesville Mayor Linda Soto said.

Source: http://www.dailyherald.com/article/20130807/news/708079944/
 
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