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$70M gift to Kalamazoo may have “unintended consequences,” says city commissioner

Downtown Kalamazoo.
Michigan Municipal League
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Flickr - http://michrad.io/1LXrdJM
Mark Milcarek is concerned about tying a third of Kalamazoo's general fund budget to the performance of the stock market.

As soon as next week, the details of the Foundation for Excellence's $70 million gift will be presented to the Kalamazoo City Commission

The city manager and the mayor have been working with the donors to determine how it will work. 

Some city commissioners have been expressing reservations about the gift since it was announced this summer. Matt Milcarek? is one of them.

"It truly will change the dynamic of how government is funded in a way that may have unintended consequences," Milcarek told us. 

He joined us today to talk about his concerns. 

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