Monroe County’s council is already starting to weigh how the COVID-19 pandemic will impact future revenues.
A presentation from councilor Geoff McKim towards the start of Tuesday night’s regular monthly meeting considered some scenarios for revenue reductions that would, in just two years, wipe out the bulk of the county’s rainy day fund.
The county’s rainy day fund currently has a balance of $7.2 million.
President of the board of county commissioners, Julie Thomas briefed the seven-member council on about $157,000 that commissioners have already spent due to the COVID-19 emergency. Thomas ticked through two different $25,000 grants to social service agencies, and other expenses like electrostatic cleaners, laptops for work from home, licenses for Zoom video conferencing software, and repair to a sewage lift station.
That set the general stage for financial caution. But on a 5–2 split vote, councilors did wind up approving $50,000 in legal fees to support possible litigation over an environmental assessment done for a project planned in Hoosier National Forest.
When councilors were asked to make an additional appropriation of $343,000 to pay for some already budgeted items—like the refurbishment of the Alexander Memorial, parking deck maintenance, and some ADA work on the courthouse grounds—they unanimously agreed to postpone consideration until their May 12 meeting. Continue reading “COVID-19 kindles financial caution as Monroe County council puts off some, not all spending”