Tuesday, January 7, 2014

Caldwell Receives $670,950 Check From Oil and Gas Lease

The village of Caldwell recently received a check as part of an oil and gas lease agreement, which will be used to help fund village operations in 2014.

$200,000 of the $670,950 check will be moved to the light plant depository bond fund, where it will be able to accrue interest and help to offset money that was withdrawn from that fund last year after the defeat of the village income tax.  The remaining $470,950 will stay in Caldwell's general fund for village use.

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