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Commissioner: Local income tax revenue does not fund county employee salaries; county will review revenues with Baker Tilly
Summary
Commissioner Klinken Beard said local income tax revenue in the county is designated for economic development and other purposes, not county employee salaries; commissioners said they will meet with Baker Tilly to reassess revenue forecasts after legislative changes.
Commissioner Klinken Beard told colleagues the county's local income tax revenue does not pay for county employees' salaries and said the commissioners will reassess revenue projections with outside consultants.
"Local income tax revenue does not pay for Vio County employees' salaries," Commissioner Klinken Beard said, adding that the revenue goes toward economic development projects and other designated uses. He said he did not want residents to believe county employees' potential salary increases would be funded from those local income tax receipts.
Commissioner Klinken Beard said he expected to finalize details after a meeting with Baker Tilly, the county's finance consultant. "I hope next week to have it finalized after meeting with Baker Tilly today to see what our real revenues will be so we can give that to county employees," he said.
Commissioner Morris confirmed the county is reworking its revenue structure with Baker Tilly because recent legislative changes required adjustments. "We're meeting with Baker Tilly," Morris said, and added that the county had to "go back to the drawing board" in response to the Legislature's changes.
There was no formal action taken on local income tax policy at the meeting; commissioners said they will continue discussions with Baker Tilly and report back.
