County Board Retreat Covers Wide Range of Topics
A 5 percent budget cut may be in store for Moore County for the 2011-12 fiscal year.
County Manager Cary McSwain mentioned that percentage level Thursday afternoon during the Moore County Board of Commissioners’ business mini-retreat on the economic impact on local budgets.
“The new year won’t be a good budget year,” McSwain admitted.
The disclosure came during the wrap-up period at the end of the day-long retreat at the Senior Enrichment Center. The commissioners heard presentations on the condition of banks, legislative prospects, the education picture, economic development, tourism, home builders, the college and FirstHealth.
Although most of the reports emphasized the bleak condition of the economy, there were cautious signs of hope, such as a report that nine companies have this year announced plans to expand or build new facilities creating 395 new jobs and involving investments in excess of $5.3 million in Moore County.
McSwain also announced that thus far in the 2010-11 fiscal year, county revenues exceed expenditures 40 percent to about 29 percent. Tax Administrator Wayne Vest added that his office has already collected about 65 percent of property taxes.
But sales tax collections continue to lag, the home building recovery is very slow, and the state revenue shortfall will mean local cuts of $7.3 million in state appropriations to the Moore County Public Schools.
The commissioners did not rule out budget cuts as high as 10 or 15 percent, and Chairman Tim Lea pointed out that School Superintendent Susan Purser mentioned cuts of 10 percent in her budget.
More details about the retreat will appear in a series of articles in the print version of The Pilot.
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