Madison City Council authorizes additional cash to Golf Enterprise Fund

Madison’s Golf Enterprise Fund will keep operating with additional cash advances from the city while a task force is set to begin considering the future of four publicly-run golf courses. 

At the end of last year, Madison loaned the financially weak Golf Enterprise Fund $813,000 due to an inadequate cash balance. A resolution adopted by the City Council Tuesday authorizes a formal repayment plan in response to the loan and allows additional advances up to a total of $1.5 million... 

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Ken Notes: Why are we in the golf business??? We could lease our courses to the private sector for $1 each, have BETTER courses and programs and not spend a penny.



- - Volume: 7 - WEEK: 42 Date: 10/17/2019 7:56:40 AM -