in just ended fiscal year
For the first
time in several years county government got through a fiscal
year without a deficit. Data recently published by the finance
department show it was a half million dollars into the black on
a $165 million fiscal 2010 budget. As it did last year, the
Coons administration is predicting a $7 million shortfall this
fiscal year in a budget that has grown to nearly $168
million. In the year ended June 30, salaries and benefits were
$2.4 million less than expected while the real estate transfer
tax brought in $2.9 million more than originally projected.
However, six transactions of $10 million or more accounted for
$2.2 million of that. Increases in service charges and fees
netted $4.2 million. The county entered fiscal 2011 with an
unencumbered $48.9 million reserve.