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Lycoming County commissioners warn of dwindling fund balance, say near-term cuts are necessary
Summary
Commissioners described a shrinking county fund balance and legal constraints on several revenue sources, arguing rapid budget actions are necessary to restore reserves and preserve core services.
Lycoming County commissioners said Tuesday the county's general-fund balance has fallen sharply and that immediate budget changes are necessary to restore fiscal stability.
Commissioners told the public the county's reserve — the fund balance they likened to a household savings account — has fallen to less than $4 million and that, by policy, the county should have closer to $9 million to cover roughly 90 days of operating costs. They said many revenue streams previously used to support programs have ended, and several larger…
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