Click for NEWS Click for SPORTS Click for ACCENT Click for COLUMNS Click for OPINION Click for OBITUARIES Click for CALENDAR Click for CLASSIFIEDS Click for ARCHIVES Click for LAKE  
 Wednesday, October 22, 2014
Serving The Land Between the Lakes - Philpott and Smith Mountain
News Search   

 

The Franklin News-Post
P. O. Box 250
310 Main Street, SW
Rocky Mount, Virginia 24151
540-483-5113
Fax: 540-483-8013

County revenue projections look ‘flat’ for 2014-15

Friday, January 24, 2014

By CHARLES BOOTHE - Staff Writer

"Our economy, basically, looks like it is flat."

That was the reaction from Gills Creek Supervisor Bob Camicia Tuesday afternoon after the Franklin County Board of Supervisors heard next year's revenue projections from county Finance Director Vincent Copenhaver.

Revenue is projected to see a small increase for fiscal year 2014-15, about 1.8 percent or just over $1 million, Copenhaver said.

Although it is an increase, Camicia said it's "just keeping up with inflation," adding that it will be "tough to deal with."

Of that projected $1.1 million increase, the schools would likely receive almost $600,000, Copenhaver said.

That's well below the $1.1 million schools received in extra revenue from the county for the current fiscal year, which is seeing an overall revenue increase of about $2.2 million.

County Administrator Rick Huff told the board that, although initial projections have said otherwise, state revenue may end up being flat as well.

That news, he said, comes from Del. Charles Poindexter, who is less optimistic about state projections than other sources have been.

The news of the relatively flat revenue projections comes at a time when both the county and school system are facing increasing costs.

During a joint meeting between supervisors and school board members Tuesday night, the school system revealed a list of currently unfunded priorities for fiscal year 2014-15 that total about $5 million. The county's list totals about $2.2 million.

 
Penny Hodges - Click for Website
Billy and Julie Kingery - Click for Website
Adam Lynch - Click for Website
Angie McGhee-Quality Realty - Click for Website
Weichert - Click for Website
Alpine Photography Studios - Click for Website
A-Co Heating & Cooling - Click for Website