Wednesday, May 24, 2017

Oconee County FY 2018 Budget Will Not Require Use Of Reserve Funds, Public Told

First Hearing On Budget

Oconee County presented a $49.9 million Fiscal Year 2018 Budget to the public last (Tuesday) night that was balanced without requiring that any money be drawn from the county’s reserve funds, labeled the Fund Balance.

Finance Director Wes Geddings said he is projecting that the county will receive sufficient revenue, primarily from sales tax and property tax, in the 12 months starting on July 1 to cover the $49.9 million budget.