Ford County's new budget is $272,155 in the red
PAXTON – Ford County Board members have approved a fiscal 2010 budget with a significant deficit – not for the first time and probably not the last time, according to officials.
The budget projects a deficit of $272,155 in the county's general fund, according to Ford County Treasurer Nancy Krumwiede. For the past two years, income has barely exceeded expenses.
This year, despite budget cuts in most departments, declining revenue projections and the state's payment delays have caused the deficit, Krumwiede said.
Krumwiede said the deficit will be covered by carryover funds. However, she cautioned that those funds "keep dwindling daily" because the state keeps delaying its payments. She said no funds have been received since July 1, the beginning of the state's new fiscal year.
"You can do it this year, and you could do it next year, but then you're done," she said of funding the deficits with carryover monies.
"We're one budget away from cutting services," agreed Chairman Rick Bowen.
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