Commissioners expect to pass full budget
Capital funds requested by Isothermal Community College and passing the county's 2014-15 budget will be addressed Tuesday afternoon during a special meeting of the Rutherford County Commissioners.
The proposed fiscal year 2014-15 budget (General Fund, including Department of Social Services) is $56,038,231 that reflects a $2.05 million increase from 2013-14. There is$1,883,857 in incentive payments. After incentives, the total increase is 0.30 percent.
The property tax rate is proposed to be unchanged at 60.7 cents per $100 valuation.
"We can't wait any longer," County Manager Carl Classen said Friday afternoon regarding passing the full fiscal year budget.
He said there are annual software maintenance contracts to be addressed and fire departments and other organizations receive funding year-round. So the county has to pass its budget.
The reason for the delay in passing the budget is because the General Assembly has not passed the state budget.
During a special meeting in June, the board approved an interim budget that reflected appropriations 1/12th of the overall proposed budget. The total general fund appropriations for July were $4.6 million. Other fund appropriations totaled approximately $1.3 million.
At the June meeting, commissioners said they weren't comfortable passing a final budget because of issues left outstanding due to the state not completing its budget work.
The 2014-15 budget reflects difficult issues that will require careful allocation of financial resources and
"Rutherford County is in good financial condition but continues to feel the effects of the economic depression that
followed the textile industry dislocation of the late 1990’s and 2000’s and then the housing and banking collapse
starting in 2007," Classen said in his budget message presented to the county commissioners in May.
"Net property valuation is up 3.593 percent from 2013-14 to $6.2 billion but essentially flat after incentives are included," Classen said.
"This trend is expected to continue into 2015-16 when incentives will reach $5.67 million but increased valuation is expected to meet much of that expected expense," Classen added.
The 4 p.m. meeting will be held in the county office building at 289 North Main Street in Rutherfordton.