The Star Beacon; Ashtabula, Ohio

Local News

January 4, 2013

County expects lower 2013 revenues

JEFFERSON —  Commissioners want to carry over at least $2.2 million into the new year, a potentially challenging task given the latest 2013 revenue projections.

County Administrator Janet Discher met with the board Thursday to discuss the evolving financial picture. She said  it appears as if the county will end the year with $3.3 million in the general fund, however $500,000 of that money is encumbered. That leaves $2.7 million to $2.8 million as a carryover on which to operate the county until sales and real estate tax receipts flow into the coffers.

While the board would be happy to have a carryover in that range, the 2013 temporary appropriations passed last month will erode that balance if revenue projections hold true. Discher told the board that:

• The county spent $19.5 million in 2012

• The county’s revenues were $19.1 million, requiring $400,000 from the carryover;

• Revenue estimates for 2013 are only $18.8 million.

The temporary appropriations for the first quarter of 2013 are set at 25 percent of the 2012 budget. Spending at that level will consume nearly a quarter of the carryover balance.

“To operate at the same amount (as 2012), you’d have to take $700,000 of the $2.7 million just to keep the status quo,” Discher told the board.

Commissioners discussed the “basement” carryover figure for 2013 and came up with $2.2 million, which requires additional trimming or a windfall from sales tax or casino money. The county enjoyed strong sales tax receipts in 2012 and got its first infusion of state casino money as well.

Discher said a new revenue estimate and certificate of resources will be available by the end of January. While revenues historically turn out higher than forecast, commissioners prefer to take a cautious approach this early in a new year.

“I’m concerned about the unpredictability of the sales tax,” said Commissioner Joe Moroski. “We know it’s not likely to repeat last year’s performance in 2013.”

Text Only
Local News
Ashtabula County Alive
July 4 Celebrations 2014
Summer off to Big Start
Ashtabula County Flag Day 2014
Northeast Ohio Soap Box Derby 2014
Tour de State Line and Boating Season
Ashtabula County Memorial Day 2014
Sam Magill Sr. Memorial
Armed Forces Echo Taps 2014
Lakeside Loop Color Run
Keeping Ashtabula County Clean and Healthy
Canoe Race and Ashtabula Easter Events
The Taping of the Teacher: A sticky Sitation
18th Annual Polar Bear Plunge at Geneva State Park
House Ads
AP Video
NDN Video
Justin Bieber In Calvin Klein Underwear Shoot Samsung Pre-Trolls The IPhone 6 With New Ad Jimmy Kimmel Introduces His Baby Girl Swim Daily, Nina Agdal in the Cook Islands Guilty Dog Apologizes to Baby for Stealing Her Toy Prince George Turns 1 and is Already a Trendsetter Train Collides With Semi Truck Carrying Lighter Fluid Kanye West Tells-All on Wedding in "GQ" Interview Tony Dungy Weighs in on Michael Sam Scarlett Johansson Set To Marry In August New Star Wars Episode XII X-Wing Revealed Obama: Putin must push separatists to aid MH17 probe Michigan inmates no longer allowed to wear orange due to 'OITNB' Adam Levine Ties the Knot Sebastian The Ibis Walks Beautiful Bride Down The Aisle | ACC Must See Moment NASA Ceremony Honors Moon Walker Neil Armstrong Faces of Souls Lost in Malaysian Plane Crash 105-year-old woman throws first pitch Man Creates Spreadsheet of Wife's Reasons for Turning Down Sex 'Weird Al' Is Wowed by Album's Success