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Budget staff presents special revenue funds overview; transportation penny drives balance growth
Summary
Director Hammond told council special revenue fund balances rose from about $246M (FY2021) to $454M (FY2025), driven largely by transportation‑penny collections; staff projected $529M in special fund revenue for FY2027 and explained some funds rely on general‑fund subsidies or fund‑balance use.
Director Hammond presented an overview of Richland County’s special revenue funds at the May 7 work session, explaining that these funds account for revenues that are legally restricted or committed to specific purposes and cannot normally be redirected to the general fund.
Hammond said special revenue fund balances have increased significantly over recent years — from about $246 million in FY2021 to approximately $454 million in FY2025 — and attributed much of the growth to transportation‑penny collections and other dedicated capital activities.…
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