Press-Republican

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December 1, 2012

CPA: FEMA money was not lost in budget

(Continued)

“So basically you are just increasing the amount of fund balance that you are using in the 2013 budget,” she said.

The county was already using about $4 million from the fund balance to reduce taxes in the new budget.

The cuts made Thursday total $3.9 million, reducing the projected tax levy to $16.7 million, from $16.27 million this year. The tentative tax rate would be $2.51 per $1,000 of assessment. The current tax rate is $2.42.

The County Board of Supervisors will vote on the cuts at its regular meeting at 10 a.m. Tuesday, Dec. 4. The amended budget won’t be final until the board votes on it at a special meeting after the last public hearing at 6:30 p.m. Monday, Dec. 10.

SAVINGS

Besides using the FEMA money, county cuts remove $500,000 in equipment purchases for the County Department of Public Works and other departments, freeze contract agencies to current amounts to save $52,270, remove $150,000 from the County Department of Social Services budget and use $350,000 of anticipated revenue from a property-tax sale to be held in the next few months.

Another change was to move $1.3 million in equipment purchases to a bond anticipation note to be paid from the Horace Nye Nursing Home sale proceeds expected next year. The county-owned Nursing Home is being sold to a New York City firm for $4 million.

Email Lohr McKinstry: lmckinstry@pressrepublican.com

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