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County finance director: general fund running $5 million deficit through June; property-tax receipts due in fall
Summary
The county’s monthly financial overview showed a midyear gap of about $5.0 million in the general fund through June and forecasting additional property-tax receipts in October. Officials flagged a large solid-waste post-closure accounting entry and said sales-tax receipts are down modestly year to date.
Kathy Funk Baxter, the county finance director, reported to the Board of Commissioners that the county’s general fund had about $29 million in revenue and $35 million in expenses through June, producing a roughly $5.1 million year-to-date shortfall. Baxter said a typical second-half property tax inflow will partially offset the gap: the county expects about $9 million more property-tax receipts through the fall.
Why it matters: the midyear deficit is partly timing related, but commissioners were briefed on structural revenue trends (slow growth in core revenues) and large one-time accounting entries…
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