Three Cent Tax Increase Helps Warren County Balance its 2018 Budget
27 March 2017 News
At its sixth and final budget work session before advertising a proposed Fiscal Year 2018 budget and tax rates, Warren County Administrator Doug Stanley summarized staff efforts to plug a $3.5-million revenue deficit.
What was presented at the March 21st work session was a combination of departmental cuts, usage of General Fund reserves, and creation of just over $1.2-million of additional revenue from a 3-cent Real Estate Tax increase.
All of the new Real Estate Tax revenue will go to cover operations at the new middle school under construction off Happy Creek Road. The County’s second middle school is on schedule to open this fall.
At the end of a two-page summary presented at the work session, the County Finance Department had balanced the proposed $74.6-million County budget.
That was accomplished with $250,000 in departmental cuts; the use of $1.1-million in reserve funds; the addition of almost $1.5 million in new tax and fee revenues; as well as miscellaneous funding sources.