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County staff recommends $2.5M tax-stabilization contingency to keep fund-balance above policy target
Chemung County Legislature Budget Workshop · November 12, 2025
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Summary
Staff recommended using $2.5 million from a tax-stabilization fund to avoid falling below the county's 17% fund-balance target; staff said the fund would only be drawn if year-end results require it and replenishment would depend on future revenues.
Budget presenter (county staff) recommended lawmakers include a $2.5 million tax-stabilization contingency in the 2026 budget to remain compliant with the county's fund-balance policy. Staff said early projections indicate the county could fall below the 17% target by the end of 2026 and that…
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