ST. LOUIS (KMOX) – A St. Louis County Council member is raising questions about the Children’s Service Fund, and exactly how much cash it’s holding on to.
The fund was investigated by the FBI more than a year ago regarding how much money was handled, and now Councilman Steve Stenger says he wants to know why the fund is sitting on $81 million.
“It’s been accruing in the account for years and the troubling part is that the mission of the fund is certainly not being met by essentially holding $81 million back from people, children, that are in need,” Stenger says.
The fund gets its money from sales tax in the county, and currently has granted about $100 million to 60 various agencies.
Children’s Fund head Julie Leight tells KMOX that the balance is closer to $78 million, but also that she’s happy to meet with the council and will outline the fund’s plan to spend down the balance.
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