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Boone County budget preview shows planned reserve use; officials warn state property tax changes could force cuts
Summary
County staff presented updated budget summaries showing use of reserves to balance the current budget and cautioned that pending state property-tax changes and a three-year levy appeal decision could require deeper cuts in future years.
County staff presented updated budget summaries showing the county would rely on reserve funds to balance the current fiscal-year budget and warned that potential state-level property tax changes could force larger shortfalls in later years.
Staff said the current budgets as uploaded to the state gateway are generally fundable but that the county is planning to use roughly $2.2 million in reserves to balance the budget as presented; if a…
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