Finance Committee discusses $7.1M budget deficit and potential tax increase

The Rockingham County Commissioners held a recessed meeting on February 3, 2025, to discuss the upcoming budget and financial outlook for the county. The meeting focused on the projected budget deficit, tax rates, and departmental spending.

The finance director presented an initial budget proposal indicating a potential tax increase of 3.01 cents. However, several commissioners expressed their desire to minimize or eliminate any tax increase, emphasizing the need for fiscal responsibility given the tight economic conditions faced by residents. Commissioner Barrow reiterated the importance of not raising taxes this year, while other members encouraged departments to adopt conservative spending practices.

The discussion also highlighted the county's current financial status, revealing a projected deficit of $7.1 million between revenues and expenditures. This figure is significantly lower than in previous years, where deficits reached double digits. The commissioners expressed confidence in the finance team’s ability to refine the budget and work towards a more favorable financial outcome.

Concerns were raised regarding the county's insurance costs, which had previously exceeded expectations. The finance director indicated that updated insurance figures would be available by late February or early March, which could impact the budget further.

Overall, the meeting concluded with a commitment from the commissioners to work diligently on the budget, aiming to present a solid proposal that addresses the financial challenges while considering the taxpayers' burden. The commissioners agreed to continue monitoring the budget throughout the year to ensure responsible fiscal management.