Just as in years past, it is time to dedicate a column to the annual closeout process. Usually, it calls for the closeout funds to be set aside to avoid future tax increases as well as for better budgeting and revenue estimates. But it’s 2020 and nothing is normal.
Every year the County Board over-budgets and over-taxes. According to this year’s report, the County ended Fiscal Year 2020 with $15.6 million in unspent and unobligated funds or 2.5% of department operating budgets. By comparison, last year it was $13.1 million or 2.2%. The schools ended the year with $27 million in unspent budgeted funds which hopefully will be applied to offset this year’s, and next year’s, budget needs.