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 …
This item is available in full to subscribers.
To continue reading, you will need to either log in to your subscriber account, or purchase a new subscription.
If you are a digital subscriber with an active, online-only subscription then you already have an account here. Just reset your password if you've not yet logged in to your account on this new site.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
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.