3 years, 5 months ago by Scott Hardy
Urged to increase cash reserves
The Adams County Board has adopted a budget for the next Fiscal Year that will keep the County's tax levy flat.
The County Board Tuesday night adopted a budget for the 2021 Fiscal Year that will won't increase the tax levy. The overall budget is nearly $52.2 million, which includes over $17 million in the General Fund. Finance Committee Chairman Bret Austin told the Board that while the budget is still relying on some cash reserves, it's not as much as it has been in the past 2 years. Austin noted that the Ambulance Service has reduced its' dependency on the General Fund from $2 million in 2018, to $500,000 this year. Austin told the Board that the County needs to make increasing the amount of cash in reserves more of a priority. He says the Finance Committee tried to do that in 2020.
( Bret Austin :34 )
Austin wants the County to increase its' reserves from $600,000 to $1.2 million. The Board also learned that Adams County received its' first sales tax revenue from marijuana sales. $60,000 in new money came from general marijuana sales, and an additional $10,000 from medical marijuana.
