2015 Budget not balanced because the County spends more than it collects. We have not resolved the County’s reliance on economically-sensitive revenue. The proposed plan spends more than it collects in revenue, creating a structural $4.875 million dollar deficit.
Sales tax and other economically-sensitive revenue projections are down $8M and Property Tax Revenue projections are down $1M. Budget does not make up for the loss of revenue from the Energy Tax nor the one time revenue shot from the state aid that is balancing the 2014 budget. ($5.25 million)
See 2015 Budget in Brief. http://www.dutchessny.gov/