Canfield must return some estate tax money to state

CANFIELD

Fiscal officer Carmen Heasley gave bad news about a big receipt from 2014: Canfield Township has to return $11,033 of the more than $700,000 it received in state funds last year.

The estate-tax money came from the estate of Joseph M. Schwebel, but attorneys are seeking additional expenditures of $11,033 from the state, Heasley said.

Trustee chairman Stephen Maszczak said he is glad that when the township receives estate-tax money, it doesn’t spend it for seven years.

Heasley explained the township keeps the money in the general fund for seven years to make sure things like this don’t happen and the fund can stay in the positive – which is required by state law.

Read about other township matters in Thursday's Vindicator or on Vindy.com.