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Randolph County finance packet: $500 million in assets, $19 million needed annually for upkeep
Summary
County councilor David Langenstoffer told commissioners the county oversees roughly $500 million in assets and estimated about $19 million per year would be required to meet maintenance and replacement needs; he warned revenue cuts such as those projected under 'Senate Bill 1' could require spending constraints.
David Langenstoffer, presenting the council's annual financial packet, briefed commissioners on a county asset inventory that sums roads, bridges, drainage and buildings. "Right now, we're right at about $500,000,000 in assets that you guys are controlling every year," Langenstoffer said, adding that the county should be budgeting approximately $19,000,000 annually to meet expected…
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