Molinaro: Dutchess Finances Strong

Says surplus will be essential to ‘restart’

Dutchess County Executive Marc Molinaro on May 4 said that the county ended 2019 with a surplus behind a 4.6 percent increase in sales tax revenue.

The Annual Financial Report that the county submitted to the state showed 2019 revenues of $472.6 million, while expenses were $471.2 million, for a surplus of $1.4 million. Revenues included a $9.1 million increase in sales tax revenue. State aid also rose by $8.7 million, which included a one-time increase in the county’s foster care block grant.

Rising expenses included $1.7 million in sales tax revenue shared with municipalities; $1.8 million in funding for Dutchess Community College; $2.7 million increase for state-mandated preschool special education; $7.6 million for union contract settlements, positions, benefits and debt service; and $3 million for mandated family assistance and safety net costs.

The report can be downloaded at bit.ly/dutchess-report.

Molinaro said that in response to COVID-19, Dutchess has suspended hiring for open positions, postponed non-essential travel and training and delayed all spending deemed “non-essential.” He said the county is keeping an eye on what the state may be able to provide in aid because it accounts for 16 percent of the 2020-21 Dutchess budget.

He said the county is lobbying the federal government to provide support for counties with fewer than 500,000 residents and has formed a fiscal/financial team to focus on local economic impacts.


HOW WE REPORT
Trust MarkThe Current is a member of The Trust Project, a consortium of news outlets that has adopted standards to allow readers to more easily assess the credibility of their journalism. Our best practices, including our verification and correction policies, can be accessed here. Have a comment? A news tip? Spot an error? Email editor@highlandscurrent.org.

Comments are closed.