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New Ulm EDA Approves Public Housing Budget Amidst Deficit Concerns

Overview: In a recent meeting of the New Ulm Economic Development Authority, the board approved the public housing operating budget for the upcoming fiscal year, despite a current deficit of nearly $34,000. The budget, which must be submitted to HUD, projects a surplus of approximately $46,000 for the next fiscal year, with plans to draw down remaining 2024 capital funds to alleviate this year’s shortfall.

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Note: This meeting summary was generated by AI, which can occasionally misspell names, misattribute actions, and state inaccuracies. This summary is intended to be a starting point and you should review the meeting record linked above before acting on anything you read. If we got something wrong, let us know. We’re working every day to improve our process in pursuit of universal local government transparency.

Mayor:
Kathleen Backer
Economic Development Board Officials:
Char Kalk, Michelle Markgraf, Tom Berg, Lindsay Henn, Andrea Boettger (City Council), Les Schultz (City Council), Nicole Black (Resident Board Member)

New Ulm EDA Approves Public Housing Budget Amidst Deficit Concerns

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New Ulm EDA Approves Public Housing Budget Amidst Deficit Concerns

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