Letter to the editor
To the Editor, As voters in Houghton County are asked to approve a new 1-mill property tax for the Copper Shores Meals on Wheels program, we must ask ourselves a critical question: is this millage truly necessary, or is it a matter of convenience for a foundation with vast resources? I have serious doubts. Copper Shores Community Health Foundation is sitting on an endowment of nearly $80 million. Their own investment policy aims for an 8% annual return, a rate that would generate millions in income each year. Yet, their spending policy appears to prioritize the aggressive growth of ...