Greenville County committee amends FY2026 budget to reduce FELO revenue projections, shift fund balances to roads

Greenville County Council Committee of the Whole members approved an amendment to the proposed FY2026 budget that reduces projected infrastructure bank FELO revenue by $12,000,000, lowers transfers from the infrastructure bank to the road program by $8,500,000, and reduces road program expenditures by $4,000,000, then approved the budget as amended.

The change, introduced by Councilor Bradley, was framed as a way to preserve funding for schools and other taxing jurisdictions this coming year while still maintaining a $36,000,000 road program by using existing fund balances in the infrastructure bank and the road program.

“This is the numbers that were all involved when we had the discussion last time about changing the FELO,” Councilor Bradley said as he read the proposed changes. County staff explained the amendment removes projected future FELO revenue from the budget and uses fund balances to soften the hit to road-program spending. The county administrator described the $12 million as a projection rather than cash on hand: “That’s a projection,” the administrator said when asked whether the $12 million was realized revenue.

Nut graf: The amendment is…