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Beaufort County finance committee reports strong Q3 finances, $12.6M debt payoff saves taxpayers
Summary
The Finance Committee reviewed a third-quarter financial report showing stronger-than-expected property tax collections, a $12.6 million debt payoff that saved roughly $833,000, and tight but manageable projections for year‑end slippage and ESSER spending.
The Beaufort County Board of Education Finance Committee on May 16 reviewed third‑quarter finances that show stronger‑than‑budget property tax collections and a recent debt payoff officials said will save taxpayers about $833,000.
A district finance presenter summarized results through March 31, reporting local property tax collections of $199.9 million (about 102.5% of budget) and state revenue collections at roughly $91.4 million (about 74.8% of budget). The presenter told the committee the district has increased fund balance to a level that allowed it to avoid…
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