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County Could Make Financial Changes To Balance Budget

on October 20, 2008 9:49 AM
According to the Daily Collegian, a $6 million decrease in expected revenue for Centre County may require the county to cut program funding, raise taxes, consider layoffs, or draw from reserve funds to balance its 2009 proposed budget.

County Commissioner Jon Eich stated that the tax and layoff options will not likely be pursued due to the current U.S. fiscal situation.

Centre County's budget is expected to decrease from $86 million in 2008 to $80 million in 2009.  The county has about $8 million in reserve funding.

The largest three "entitlements", programs whose funding cannot be affected, make up $47 million of the county's budget.  These programs are the Mental Health & Mental Retardation office, the Centre Crest Nursing Home, and Children and Youth Services.  According to Eich, funding will be locked in for these programs.

A draft of the budget is expected to be made available December 2nd at the commissioners' meeting.   (Read More)
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