DeSoto Board of County Commissioners got their first peek at the proposed 2014-2015 budget, and the initial numbers show another tough year ahead.
The 2014-15 projected number is $26,016,270, which is nearly $3 million less than this year’s budget. Interim County Administrator Mandy Hines said property values are expected to decline in 2015, resulting in a loss of $351,669 in tax revenue. Other factors that negatively impacted the budget include a rise in post-retirement health insurance costs, and significant transfers toward transportation. As a result, county staff estimate approximately $1.7 million will need to be used from the reserve fund to balance the budget, leaving only $1,519,405 for emergency use.
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