Mathews County Administrator Mindy Conner told the board of supervisors during Tuesday’s meeting that, after reconciling the fiscal year 2017 budget, the county ended up with an additional $1,247,540 in revenue.
She said the extra funds are due to the 2017 increase in the real estate tax rate, higher-than-projected personal property tax revenues, and lower-than-budgeted expenditures.
Conner suggested that those funds be appropriated to the 2018 budget, with $615,000 added to the county’s committed reserve, and $632,540 applied to the fund balance.
Of the committed reserves, Conner suggested that $140,000 be allocated to meet the final match for all Main Street improvements, that $135,000 go toward technology for such items as GIS and telecoms, that $115,000 be included in the infrastructure maintenance budget, and that $100,000 be used to create a new fund for broadband. Other allocations she suggested were: drainage improvements (ditching), $50,000; reassessment, $30,00...
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