S.L. County Council gives tentative nod to new budget
The nod came after the board weathered another grim revenue report from County Auditor Jeff Hatch. Tax-collection figures continue their downward trend in most areas, and projections indicate that next year's numbers could be even worse. Though Hatch's "worst case" scenario posits a possible $4 million decline next year, he noted that new efforts at federal monetary controls and the changes that may come with President-elect Barack Obama's incoming administration could bode well for the county.
"A new president with new fiscal policy could actually help the county substantially if we see a jobs-creation program," Hatch said. "There's plenty of opportunity in municipal services to re-group, with federal money backing us up."
Hatch said the chaotic and unprecedented nature of local and national economic uncertainty makes fiscal projection modeling at its best an educated guess even less reliable. Those projections, for the moment, are indicating an increasing gap between growing county expense obligations and shrinking revenues through 2011.
Final approval for the 2009 budget is slated for Dec. 9.
E-mail: araymond@desnews.com
Comments
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