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Council amends FY26 budget to authorize up to $500,000 in employee retention payments (Resolution 2025-28)
Summary
Greenwood County adopted Resolution 2025-28 to amend the FY26 budget using prior-year fund balance: the treasurer said a small FY25 surplus (just over $12,000) and growing fund balance enable retention payments of up to $500,000 while canceling a previously planned $500,000 transfer from the 2.6 mills fund; eligibility rules and distribution schedule will be set by the county manager.
Treasurer Ms. Thor presented Resolution 2025-28 proposing an FY26 budget amendment to use prior-year fund balance for employee retention payments. She told the council that the county ended FY25 with a small surplus (just over $12,000) and has seen a growing unassigned fund balance because prior surplus funds were…
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