Entries for May 5th, 2017

UCCF 4/27/17: Hoarding Surplus

Friday, May 5th, 2017

After months of review the freeholders came up with a savings of $724 thousand to get the amount to be raised by taxation for 2017 to $354,769,823 (an increase of $9,495,027 from the 2016 tax levy of $345,274,766). As you will see in this blog there could have been NO tax increase (as is the case in at least three other counties) or there could have even have been a substantial tax DECREASE. It all comes down to the surplus.

Surplus is an essential aspect of government budgeting. Budgets need to prepared at the beginning of the year and money anticipated to be coming from the state or federal governments cannot be included. Usually that money comes in throughout the year and the surplus remains.

In 2014 Union County sold Runnells Hospital.

With that as background the rest of this story will be told in spreadsheets based on data from Union County budgets going back to 2005 and surplus figures from all counties for 2016 and from the fourteen counties that have their budgets online for 2017 as well as the corresponding tax amounts for 2016 and 2017. Draw your own conclusions.