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Nelson County proposes $49.5 million FY25 budget, schedules three work sessions
Summary
County Administrator Candice McGarry introduced an FY25 budget balanced at $49,487,653 with no tax-rate changes; budget highlights include a 2% COLA, two new full‑time positions, $2.25M in capital outlay funded from carryover, and contingency funds totaling $923,981. Work sessions were set for March 15, 18 and 22.
Nelson County Administrator Candice W. McGarry introduced the County’s FY25 budget on March 12, 2024, presenting a balanced budget of $49,487,653 that includes no proposed changes to current tax rates.
McGarry and Finance Director Linda K. Staton outlined key revenue and expenditure assumptions: revenues are projected to equal expenditures at $49,487,653; real estate growth is estimated to add $285,390; meals and lodging tax increases are expected to contribute $707,026; interest earnings were projected to rise substantially (Ms. McGarry cited a 169.2% increase compared with FY24’s budgeted estimate); and $3,577,427 of year-end balance/carryover is…
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