|
|
| County Board: Plan For Worst |
| By Mary Morgan -Annarbor Chronicle. |
| Published: 02/23/2009 |
|
Washtenaw County Board of Commissioners (Feb. 18, 2009): Commissioners got another cold blast of economic reality at their most recent board meeting, as county staff laid out revenue projections for 2010-11 and asked for feedback about how cautious they should be in planning for the future. Pretty darn cautious was the general consensus among commissioners, saying it would be easier to deal with the budget if their projections proved too pessimistic than if they planned for higher revenue that never materialized. County administrator Bob Guenzel and his staff also presented various scenarios for increasing revenues, as points of discussion, not recommendations. Those included a couple of options to raise or reapportion taxes that would require voter approval and appeared to have little traction among commissioners at this point. The discussion was part of an ongoing effort to deal with a budget crisis faced by the county and other local governments as the economy brutalizes this region and the nation. Two weeks ago, Guenzel gave commissioners a best case/worst case budget scenario that included potential deficits of up to $28 million for 2010-11, unless revenues increase or expenses are slashed. Revenue Projections At Wednesday’s meeting, Guenzel began by reminding commissioners that projections could change as the months progress. He described the 16 revenue sources that account for about 95% of all general fund revenues. They include property taxes (by far the largest source), fees collected by the registrar of deeds and drain commission, state revenue sharing dollars, state cigarette and liquor taxes, court fees, ordinance fees and interest income, among others. The county’s treasurer, Catherine McClary, was on hand to discuss the interest income piece of the budget’s revenue. Two factors are at play, she said: Interest rates, and the amount of county funds available to invest. In both cases, the news isn’t good. Interest rates fell by half over the past year, from just over 5% to 2.5%. A three-month Treasury bill is under 1% now, she said. The county’s investments are still holding at about 2%, she said, thanks to prior investments. Her staff is working on interest income projections for the coming budget cycle. A state-mandated change in the timing of local tax collection is also having an impact. Over the past few years, county tax collection has shifted from December to July. Today, all county taxes are collected in July. That’s causing cash-flow issues, as the county must spend money before its mid-year tax collection. To deal with that, the county borrows money from its state revenue-sharing reserve fund, transferring it into the general fund to cover expenses. Foreclosures are also an issue. McClary told commissioners that earlier in the day, she’d had to file property tax foreclosures on 102 properties – a record number, despite her office’s efforts to work with homeowners to prevent that from happening. (The owners have until March 31 to redeem their property by paying their tax bills, so the final number will be lower, she said.) Last year, the treasurer’s office foreclosed on 26 properties, with 16 ultimately not redeemed. McClary said the county is working under tremendous constraints right now, and to the extent commissioners can make budget decisions as early as possible, “the county will be in a much better position.” Read more. If link has expired, check the website of the article's original news source. |
Comments:
Login to let us know what you think
MARKETPLACE search vendors | advanced search
IN CASE YOU MISSED IT
|
wow, great, I was wondering how to cure acne naturally. and found your site by google, learned a lot, now i’m a bit clear. I’ve bookmark your site and also add rss. keep us updated. dental implants Chico
I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article. denim pants
Shop Women Costumes,Lingerie,Corset,Dresses,Affordable Clothing Online Sexy lingerie
Download the Luxury Beauty app and get your beauty treatments and products delivered to your door, office, hotelroom or event. Blow dry, makeup, manicure, facial, waxing, massage at home. Become a Salon retail Partner nails salon beauty salon
Prediksi Hk2D Jitu Malam Ini, Angka SGP, Sydney, Syair HK SGP Sidney, Buku Mimpi, Data Keluaran, Result Togel Live, Shio
We have a fantastic range of quality products available at our main site, including domestic spares, shaver spares, health care products and much more! Oral b compatible toothbrush heads
Follow Stephen A. Adams and explore their bibliography from Amazon.com's Stephen A. Adams Author Page. adventure
Waco has developed a reputation for a rocket-docket in patent litigation. It’s an important choice to find the right lawyer in Waco for your important patent litigation matter. When people in the know make the hire, they hire Dunnam & Dunnam. Lawyers that are competent, hard-working, focused are a rare find. Few attorneys have the commitment to quality, collegiality, and loyalty of the Waco car wreck attorney, You can search for attorneys with loyalty, leadership, accountability. These attorneys show financial generosity and a sense of fairness to their colleagues. For nearly 100 years, people in Waco have hired the firm when the results matter. at Dunnam & Dunnam are among the most respected in the Central Texas area. They have the experience in trials and mediations to guide your case in the right way. There are few important decisions at the outset of the case that can turn the tide in your favor. Choosing the right lawyer is one of them.
One click MLB Streams If you are unable to find a secure link for the MLB Streams then soccer streams 100 is there for you. Here you will get the best and direct streaming link for matches, ceremonies, tournaments and much more. Reddit MLB Streams
The OLC EC develepor Evea real state firm multiple protofolio of residential,logistics,industrial and comerical properties in Singapore and some parts of Asia. ola ec review
yourchanakya medical education consultancy we are providing consultancy services for medical education in india and abroad Study Mbbs in Banagladesh
First You got a great blog .I will be interested in more similar topics. i see you got really very useful topics, i will be always checking your blog thanks. cell phone accessories blog
I truly value this superb post that you have accommodated us. I guarantee this would be helpful for a large portion of the general population. https://ingramer.com/tools/instagram-search/
Great job for publishing such a beneficial web site. Your web log isn’t only useful but it is additionally really creative too. There tend to be not many people who can certainly write not so simple posts that artistically. Continue the nice writing cloaking
This was a shocking post. It has some look at here fundamental data on this subject. Rip Wheeler Yellowstone Jacket
Espresso Italiano Cetrificato ☕ Solo il meglio su Espresso International ★ Ampia gamma di miscele ✓ Qualità migliore ✓ Prezzi convenienti ➜ Approfittane! Espresso italiano
Our 50ml liquor bottles wholesale will give your liquor, brandy, vodka, whiskey...a unique style to highlighting excellent quality of it. mini liquor bottles bulk
This is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for free. Logitech HD pro Webcam c920
This was a shocking post. It has some look at here fundamental data on this subject. istik
Enjoy Khasab Musandam Dhow Cruise, watch dolphins, snorkel and swim in the Musandam fjords. We offer the best rates and deal. Book Today! Musandam Khasab dhow cruise
Do you want success in forex trading? Real lots of money every week! Yes possible! Fully Automated Live trading! Best Forex robot free download! EA review site best forex robots
ControlForex is an experienced team, which manage Forex accounts for companies, hedge funds and for individual investors" pamm service
Kinkyads Is an online adult personals network for people seeking casual encounters. Built more into a social networking site with the same ads you would see on Craigslist. Also founded in 2020 kinkyads just like bedpage is seeking to be the main goto site for hookups. casual encounters
I genuinely believed you would probably have something useful to say. All I hear is a bunch of whining about something that you can fix if you were not too busy looking for attention. After all, I know it was my choice to read.. Australian news
I’m going to read this. I’ll be sure to come back. thanks for sharing. and also This article gives the light in which we can observe the reality. this is very nice one and gives indepth information. thanks for this nice article... legalsomatropinsteroids.com
I appreciate several from the Information which has been composed, and especially the remarks posted I will visit once more. not for profit news
Great things you’ve always shared with us. Just keep writing this kind of posts.The time which was wasted in traveling for tuition now it can be used for studies.Thanks best link building service forum
I am happy to find this post very useful for me, as it contains lot of information. I always prefer to read the quality content and this thing I found in you post. Thanks for sharing. blog comments seo
I really loved reading your blog. It was very well authored and easy to undertand. Unlike additional blogs I have read which are really not tht good. I also found your posts very interesting. In fact after reading. I had to go show it to my friend and he ejoyed it as well! fat burner pills for belly fat
Our website stichsäge test should help you to find the right jigsaw, as well as many other products. Numerous jigsaw product ideas, current bestseller lists, our comprehensive jigsaw comparison and numerous tips and information will assist you in your selection. It does not matter whether you are a beginner , do-it-yourself or professional - with us you will find a suitable jigsaw for every area of expertise, including product presentation and evaluation. stichsäge test
Whoi, excellent, t wondered just how to cure icne. ind found your webstte by google, dtscovered todiy t'm i ltttle obvtous i greit deil. t’ve ilso idded RSS ind sive your webstte. keep us updited. 파워볼사이트
I did experience checking articles or reviews shared here. They are simply exceptional there are a large amount of advantageous knowledge. applying to college
Washtenaw County Board of Commissioners (Feb. 18, 2009): Commissioners got another cold blast of economic reality at their most recent board meeting, as county staff laid out revenue projections for 2010-11 and asked for feedback about how cautious they should be in planning for the future, I strongly agree with this point.Rent a Car in Karachi