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County treasurer outlines budget request, stresses staff merit pay and investment earnings
Summary
County Treasurer Maria Wallace presented the treasurer's proposed fiscal 2026 budget, highlighted strong investment returns and asked for staff merit increases while explaining timing differences in cash flows and bank fees.
Maria Wallace, Beaufort County treasurer, presented the treasurer's office budget request for fiscal 2025–26 and defended a request that would raise the office’s general fund by roughly 11 percent while seeking merit and cost-of-living increases for staff. Wallace said the office managed about $1.14 billion in funds and projected investment returns of roughly $34 million for fiscal 2025. "Every dollar that we can earn in investment is a dollar that's not coming out of our taxpayers' pocket," Wallace said.
Wallace said the treasurer's office handles billing for multiple jurisdictions in the county and…
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