County Should Designate How Your Money Will Be Spent
County legislators had quite the discussion last week about how much more of your money the county should keep for a rainy day. In the past the county’s Financial Management Policy gave legislators a 10% range between 5% and 15% of the county’s budget where the county’s surplus should fall at the end of each year. Legislators approved a change to the policy last week recommending a 12.5% of the county’s budget be kept in the surplus. For comparison, the surplus coming into this year was 13.9% of the county’s budget. Having a surplus isn’t a bad thing. It prevents the ...