Where Does The County's 'seed Money' Go?
Published: January 8th, 2007
By: Melissa deCordova

NORWICH – Chenango County’s taxpayers spent nearly $580,000 on infrastructure, promotion and business development over the last 10 years, according to a planning department report.

The pool of money, which county leaders interchangeably call “seed money,” “publicity money,” or the “capital project account,” has been collected almost annually at a rate of about $90,000 per year. A resolution passed in 2003 called for the pool to accumulate from year-to-year and imposed a $250,000 cap on it. Previously, any funds not used in a given year were encumbered.

Infrastructure projects and promotion tied for the lion’s share of the money over the past decade, with about $250,000 spent on each. The following municipalities applied for a received some of the funds: Bainbridge, Sherburne, Norwich, North Norwich and Greene. The Town of Bainbridge, which requested and received the highest amount of all towns - $114,470 since 1996 - used most of it to extend water and sewer lines across the Susquehanna River. The town also spent nearly $5,000 back in 2001 to promote economic development. Future plans include building an industrial park across the river.

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