The Monroe County council’s nearly four-hour meeting on Tuesday was capped off with a presentation from councilor Geoff McKim, who relayed some good financial news.
Monroe County will receive about $1.4 million in supplemental local income tax (LIT) revenue for its general fund this year. That will be added to the roughly $13.3 million of LIT revenue in this year’s general fund budget.
McKim made a recommendation for use of the $1.4 million, based on the uncertain impact of the COVID-19 pandemic on future county revenues. The county should put the extra LIT revenue in the county’s rainy day fund, McKim said.
No vote was taken on the question. It’ll likely come up at the council’s work session on May 26.
McKim’s recommendation was consistent with the cautious approach the county council took on Tuesday to some spending decisions it had put off from its mid-April meeting.
Some of the decisions, like spending money on refurbishment of the Alexander Memorial, were put off again, while others, like the overhaul of telecom infrastructure in the Nat U. Hill meeting room, got approved.
Also winning approval were some requests from department heads to fill a few positions, despite the hiring freeze that the council imposed at the end of April. Continue reading “Monroe County’s council revisits spending decisions, OKs hires despite freeze, gets news of extra income tax revenue”