St. Lawrence County budget stability rests on key points
Sunday, August 18, 2013 - 4:53 pm

St. Lawrence County officials say the county’s five-year plan should provide financial stability.

Key points of the county’s five-year plan for financial stability follow:

• Raise St. Lawrence County sales tax by one percent.

• Provide upfront tax relief by using new sales tax revenues to reduce property taxes by 14 percent

• Cap department budgets at two percent and ensure the county budget maintains stable growth.

• Establish a capital fund to pay for renovations, repairs and equipment purchases to offset unforeseen expenses.

• Use additional revenues and savings to build back fund balance from the current $6.5 million to at least $10 million in the next five years.

• Building fund balance will reduce the county's need to borrow money. This could lead to an annual savings of more than $200,000 currently paid out in interest.

• Update plan every year to ensure the county is always looking five years ahead.