Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
York County projects small FY25 general-fund surplus but flags rising veteran tax exemptions
Summary
Finance staff reported a midyear forecast showing a modest overall surplus for FY25, driven by expenditure savings and higher-than-budgeted public-service-corporation assessments; the presentation highlighted a $2.6 million shortfall in expected real-estate tax growth and a continuing increase in state-mandated disabled-veteran exemptions.
Assistant County Administrator and Finance lead Susan Goodwin presented the county's midyear General Fund financial forecast to the Board of Supervisors on Jan. 21.
Goodwin said finance staff project the county will finish FY25 with a roughly $100,000 revenue surplus and approximately $2.9 million in expenditure savings (largely from personnel vacancies), producing a combined projected surplus near $3.0 million, or about 1.6% of the General Fund operating budget.
Key revenue…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
