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Cheshire County officials warn of budget strain as ProShare and fund-balance uncertainty grows
Summary
At a Feb. 19 meeting the Cheshire County Board of Commissioners and county staff warned that uncertain ProShare payments, growing use of fund balance and rising costs are creating budget pressure that could affect tax rates and credit ratings in coming years.
Cheshire County commissioners and county staff said Wednesday that uncertainty around state ProShare (revenue-sharing) payments, growing use of fund balance and rising personnel and capital costs are creating significant budget pressure that could affect taxes and the county's long-term financial position.
County Administrator (unnamed) and other staff told the Cheshire County Board of Commissioners at their Feb. 19 meeting that the county has increased use of fund balance in the current budget and faces uncertainty over future ProShare reconciliations from the state.
Why it matters: county leaders said the combination of one-time federal relief in prior years and unpredictable state revenue reconciliations could force…
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