Well, we’ve made it through the fiscal year but not in really good shape. Road and Bridge (R&B) is in good shape but the general fund is suffering a little.
The county tax revenue for fiscal year 2017-‘18 with the 2017 rate of .585847 is projected to increase by $999,952.
This increase is just under the 8 percent that would trigger the rollback process. Of the $999,952, $145,076 will go to debt service and $159,820 will go to the special R&B tax.
This leaves $695,056 going to maintenance and operation. Of that, approximately 20 percent goes to R&B. This puts approximately $556,044 going to the general fund.
The only problem is the general fund expenses for fiscal year 2017-‘18 are projected to increase by $630,044. That puts the general fund $74,000 short.