By allowing ads to appear on this site, you support the local businesses who, in turn, support great local journalism.
Committee trims $1.2M from budget
Placeholder Image
Forsyth County News

The Forsyth County finance committee identified about $1.2 million in potential cuts to the 2012 budget during a meeting Friday.

The magic number to meet for a balanced budget is $90.2 million, the expected revenue for 2012.

A county budget presentation earlier in the week showed the expenses to keep the same level of service would total $93.3 million.

Requests for additional expenses could bring that total to nearly $97 million.

In looking for ways to close a $3 million to $7 million gap in the general fund, the committee recommended removing items from both the new requests and same service budget scenarios.

Those cuts came primarily from reviewing requests for replacement of capital items, such as vehicles and equipment, as well as requested positions and items.

"This is the track we need to be on," County Manager Doug Derrer said at the conclusion of the meeting.

County commissioners plan to adopt the 2012 budget in late October, but they must set the millage, or tax, rate by late July.

Chairman Brian Tam, who also serves on the committee, said commissioners "are united that we’d like to balance this budget without a millage rate increase."

The commission has until Thursday to determine the advertised millage rate.

Commissioners have not determined that amount, nor did the finance committee come up with a recommendation.

The discussion has centered on whether to lower the bond millage rate to equal an addition in the maintenance and operations millage rate, which would add about $621,000 to the county’s general fund.

Either way, the overall 2012 county tax rate likely will decrease slightly or remain the same as in 2011.

The bond rate, in addition to the rates for maintenance and operations and fire, make up the total county millage.

A mill is equal to $1 for each $1,000 in assessed property value. Assessed value is 40 percent of actual market value. Each mill brings in nearly $8 million in revenue.

If the rate were to hold steady, county figures show that taxes on a $200,000 home would be about $1,892, while a drop in the bond rate could lower that amount to about $1,886.