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Horry County committee reviews FY26 revenue projection and one-time funding schedule

Horry County committee (as transcribed: 'attack committee') · April 9, 2025
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Summary

County staff presented a FY26 tax revenue projection of $7,360,000 and outlined one-time funding requests and a schedule for Administrative Committee and County Council review; the committee approved a set of funding recommendations to forward for council consideration.

Pam, a county staff presenter, told the committee the FY26 tax revenue budget is projected at $7,360,000, a 2.5% increase over the FY25 projection, and said the expected fund balance is $972,030. "We do anticipate there will be one-time funding at the end of the year," Pam said while reviewing a list of one-time and fixed requests and the proposed proviso splits (5%/30%/65%).

Pam also summarized next steps for the budget timeline: the Administrative Committee will review the committee's recommendations on April 29, County Council will hold the second reading on May 6 and the third reading on May 20. The committee used Pam's presentation as the basis for approving a set of funding recommendations that will be forwarded to those scheduled reviews.