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Bluebag Media
County budget
in good shape; indebtedness a concern
GREENVILLE – “I don’t like debt,” Darke County Auditor Carol Ginn said,
noting this year alone the county is paying over a half million dollars
($535,407.52) in interest and principle on the Wagner Avenue complex.
“If we have the revenue we’d be better off to pay it down now.”
The comment was in light of good news for the county. “We’re in really
good shape,” she said. “Increase in job creations… sales taxes are up.”
Ginn estimates the county will have $4,044,854.07 in unencumbered
revenue – carryover – that can be used for next year. Carryover is
important as it is needed to pay bills and make payroll until the
current year’s receipts start coming in.
Ginn also credited the Commissioners and county department heads for
the role they played in the county’s position. “They took the steps
needed to cut budgets when the monkey was on our back,” she said,
noting 2006 and 2007 when the carryover was as low as $892,000 and
insufficient to pay bills and meet payroll. “They know what came before
and don’t want to go back to that.”
“I’ve tried to be conservative on expected revenue,” she said. “If it
exceeds my expectations – as it did last year – I would like to see
major transfers to the bond fund.” She added current indebtedness on
three Wagner Avenue bonds is $5,840,000...
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