The Elbert County Board of Commissioners was presented the latest version of the Fiscal Year 2014 budget at their work session yesterday evening.
Elbert County Chief Financial Officer Phil Pitts says it’s been a struggle putting together the budget this year.
“This has been a struggle dealing with this, and as has been pointed out in this meeting our property is not growing, which generates additional revenue to operate a governing body on”, explained Pitts. “Sales tax, we not only get it for SPLOST, but we get it for LOST, which funds our day-to-day operations.”
According to Pitts, the county took about a 4.5% – 5% hit on the upcoming tax digest, which is the worst hit in the four consecutive years that it has dropped.
He says that is making it more and more difficult to balance budgets.
“Its getting tough now, we are reaching the point of not having revenue growth where it is going to be a challenge to balance budgets”, said Pitts.
As of yesterday evening, the proposed FY 2014 budget for Elbert County was not quite balanced; coming in at a $12,520 deficit.
A called meeting will be held at a later date, once the budget is balanced, for the commissioners to review and advertise the budget to the general public.
FY 2014 begins later this year on July 1st.