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Mathews finds $1.2M in excess FY2017 revenue

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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