Dutchess Co. working with budget surplus, but waiting to see how 2020 plays out
May 05, 2020 5:30 am
MidHudsonNews [dot] com is reporting Dutchess County ended 2019 with a general fund surplus of $1.4 million and a $56.9 million unassigned general fund balance. County Executive Marc Molinaro said the county’s strong financial condition is essential as the COVID-19 pandemic response continues, in addition to related economic impacts. “We are guestimating that we are somewhere between a $15 and $40 million impact because of loss of revenue and new expenditures,” he said. Molinaro said he is also keeping a close eye on the state’s 2020-21 spending plan and its projected deficits because state revenue supports 16 percent of the county’s 2020 adopted budget. Read the full story at MidHudsonNews [dot] com.