Rainy day fund helps pay the bills - WALB.com, South Georgia News, Weather, Sports

Rainy day fund helps pay the bills

By Karen Cohilas - bio | email

ALBANY, GA (WALB) – Despite falling tax collections, Dougherty County still has millions of dollars in its reserve fund. The $14.8 Million fund helps the county maintain normal operations from June through December when tax revenue comes in slower and before property taxes are collected.

By having cash on hand, the county doesn't have to borrow money to maintain the day to day functions of government.  Finance Chairman Lamar Hudgins said, "A lot of people worked real hard, department heads, elected officials we fund. All cut their expenditures and it really helped us to not have to transfer that amount."

The county originally planned to move almost four million dollars from reserves to balance the budget, but ended up moving $1.3 Million less than that.

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