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Banks faces major budget shortfall

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Banks faces major budget shortfall

Posted by
Sharon Hogan
in Top Stories
Thursday, May 21. 2009
Comments (5)
Banks County is facing a $2.2 million deficit in its FY2010 budget, leaving county leaders with three bad choices: Raise taxes, make major spending cuts, or use up all the county’s reserves.

As the Banks County Board of Commissioners continued this week to discuss departmental details for the FY2010 budget, the fiscal reality of less revenue loomed over the discussion.

The proposed budget has no employee pay increases in it.

“No raises, just the cost of operating the county,” commissioner Joe Barefoot said.

Finance director Randy Failyer said the proposed budget is down $1.06 million from the 2008-09 budget.

“Revenues are also down,” Failyer said.

Part of the revenues that are down come from the state doing away with a homeowner tax relief grant that had been in place for the last few years.

The commissioners are faced with a $2.2 million deficit to balance the budget. Failyer said if the $2.2 million is taken from prior year reserves to make the budget balance, “this would leave no reserves.”

Commissioner Ricky Cain said a Banks County citizen asked him about the county doing employee furloughs like other counties in the area. Cain asked Failyer to check and see how this would impact the budget.

If the BOC were to raise the millage rate, it would require a total of four mills to make up the $2.2 million deficit. That would be an additional $160 in taxes on $100,000 in value.

Cain said in the tough economic times as we are seeing now it is not a time to raise the millage rate.

The BOC has not raised the millage rate for Banks County residents in four or five years clerk Jenni Gailey said.

“I think you can say without a shadow of a doubt, over the past four or five years, ya’ll have done a good job with the budget,” she said.

Barefoot asked Failyer to re-crunch the numbers with the changes the commissioners discussed and see where the total 2010 budget stands.

“You folks, where you sit, are between a rock and a hard place because people expect certain services,” Banks County Sheriff Charles Chapman said.
Defined tags for this entry: Banks BOE, Top Stories
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#1 Steven Davis on 05/23/09 at 07:01 PM [Reply]
If Banks county is in poor financial shape then why don't they revert back to the days of the 70's arrest someone on I-85 and have their trial on the side of the road ,,,,,AH BANKS COUNTY ,,,,i WAS JUST A YOUNG LAD THEN BUT ,,,,,now I AM LAUGHING AT YOU,,,,or (SIC)YOU'ALL......
#2 JDub on 05/29/09 at 10:13 AM [Reply]
Mr. Davis if your intention is sarcasm, insult, or jaded jealousy, at least get it right. No one in the true South says "YOU'ALL". You'all us a Yankee attempt (popularized in moves and television by Yankee actors) to mimic a Southern phrase of "Y'all" which is used to recognize or inquire about a group of individuals. As far as Banks County's form of justice and judicial procedure.....the violent crime and repeat offender statistics of Banks County from the 70's, 80's, and the 90's right up until Chapman took office speak measures as to the effectiveness of our justice system. So be it jealousy, or ignorance, research your failed insults just a little more so that you don't sound dumber than the target of the attack.
#2.1 steven davis on 06/01/09 at 05:34 PM [Reply]
confidential to JDub...I have it right.....by the way ,while I was in Banks county (briefly ) during the earlly 70's,I was was a draftee serving in the U.S. Army .I was on my way to another duty station....the fine was about a third of a months pay.No points were ever taken on my drivers license.This leads on to believe the (money-fine)went into someone pocket.

Today I am very much of the same person as I was then ,except today I would take measures to insure the person ,,,,who would pocket my money ,,,would pay...

Its kinda fun to se ,,,,JUST WHAT THE HE#$%^LL HAPPENED TO THE PLACE THAT WRONGED ME ,ESPECIALLY WHEN I WAS DOING EVERYTHING I WAS SUPPOSED TO DO.

THANK YOU ...AS YOU ARE THE ONE THAT PROBABLY LIVES IN THAT PLACE....

I laugh even more.
#3 JDub on 06/02/09 at 08:47 PM [Reply]
Well I must say you told me. It does however make me feel much better knowing that you were just a transient visitor and not a relocated member of the community. I would hate to think backwards thinking, grudge holding, ignorance had remained in our area. Thank you so much for leaving after your encounter.
#4 Agree on 08/29/09 at 01:15 PM [Reply]
I whole heartedly agree with JDub - Steven thank you for NOT coming her and staying!! That's what's majority wrong with the south now, Yankees moving in, hollering "We didn't do it that way back home". Well, if you don't like it, leave and take a few yankees with you. BTW, JDub, it's me!! Maysville Po po guy, the one we gandered about with. Funny to see we agree ain't it?
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