2015 Dutchess County TENTATIVE BUDGET – What else you should know

Budget 5

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/