Last night the long-awaited financial report was presented to the County Commissioners and the County Council. For a mere $25,000 we learned the county has money, we just need to move it from one fund to another. Take for example, the Highway Department. According to the Umbaugh report, the ending balance for this department is $2.8 million. Move some of it, all of it, or none of it into the Rainy Day Fund and from there use it to pay expenses from the general fund.
I am no CPA and I wouldn’t presume to tell them how to do this job, their findings ain’t nothing different from we have been sayin’. Of course, revenue from additional taxes and cuts in the budget go hand in hand with shuffling money.
The report also states a revenue stream for public safety of $2.5 million from an income tax called Local Option Income Tax (LOIT) can help ease the financial burden.
But, my question is simple, if the county is in good shape, we have the money, and all the report’s recommendations are followed, why would any additional taxes be needed?
So, without further ado, much has already been said, here is the link to the Muncie Star newspaper (available for seven days):
Heres the $25,000.00 report:
More will be forthcoming, for now let’s just chew on this.