On Thursday the county’s audit and control committee met to discuss and finalize a spending plan that can be voted on next week by the full legislature. While some ground has been made in finalizing the $256 million spending – the Post-Journal is reporting that committee members were split on just how much money from the Fund Balance should be applied to the budget.
Committee member George Borrello (R-Irving) is against using $500,000 from the fund balance to lower taxes even further than what has already been proposed. County executive Vince Horrigan is calling for a tax rate cut of 4.6 percent – but Borrello’s move, combined with other adjustments – would result in a 5.9 percent tax cut. That’s lower than the 6.7 percent cut to the tax rate that would go into effect if the fund balance allocation is used.
The committee voted 3-2 in favor of Borrello’s motion, with both chairman John Runkle and Jamestown legislator Chuck Nazzaro against it.
The amendment, along with others that have been brought forward, will be fully discussed during next Wednesday’s full legislature meeting.