Stenger Raises Questions about Children’s Service Fund
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.
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
MORE LOCAL NEWS: