County Anticipating Less Revenue Next Year
KEITH READY, Courier Contributor
Friday, May 11, 2012 7:21 am
Estimated revenues for the fiscal year 2012-2013 are lower than the estimated revenues ending in June of this year, according to figures shared with the Cannon County Budget Committee Thursday night.
The Committee, comprised of James Adkins, Bill Jennings, Commissioners Kevin Mooneyham, Tony Neal and Kevin George, and Chairman Mark Barker, took an initial look at the revenue picture and of the overall budget requests of the departments of the county.
County property taxes are extimated to bring in around $3,093,319.00 at the end of the next fiscal year, up slightly from $3,066,766.00. While figures were also slightly estimated up in revenue generated from Fines, Forfeitures and Penalities, and fees received from county officials, glaring differences were noticed in local revenues where Cannon County is estimated to bring in $107,000 less than what is estimated at the end of this fiscal year.
Also the other big difference is that several state and federal grants will be dried up and not renewed. Public Safety grants, Library Grants the big Homeland Security Grant that brought in $269,000 will not be available to the county during the 2012-2013 fiscal year.
The County recieved an estimated $726,000 from the State Of Tennessee. This next fiscal year they are estimated to get only $325,000 through various state awarded grants and revenues. Overall the County is estimated to bring in $5,511,686.00 at the end of the fiscal year ending June 30. However, the County is estimated to bring in only $4,785,000.00 in revenue at the end of the 2012-2013 fiscal year.
The Budget Hearings continue next Thursday. Now that it has a picture of the anticiated revenues, the Committee will looking over projected expenses. Next week it will review the budget requests of the County Executive's office, Buildings, Register Of Deeds, Property Assessor, Trustee, County Court Clerk and the Ambulance Department. The meeting will take place at 6:00 at the Cannon County Courthouse.