County tax revenues slow - WALB.com, Albany News, Weather, Sports

County tax revenues slow

Posted: Updated:

May 12, 2008

Albany -- The sluggish economy is taking a bite out of Dougherty County's projected budget for 2009.   County leaders project a loss of $52,000 in revenue from interest.

The bigger problem is sales tax revenue which they expect to decrease.

Sixty-eight-percent of the county's budget comes from taxes, so leaders say they'll have to be conservative with their spending next year. 

"There is a decrease in interest revenue, because the interest rates are lower in a recessionary periods, and that will effect our revenues. We also expect to see a decrease in our local sales tax as it did in 2001 to 2003, where they bottomed out pretty significantly and we had to cut a lot of our SPLOST projects," says Dougherty County Administrator Richard Crowdis.  

County leaders say they're okay with the current budget.

They expect it to be balanced when the fiscal year ends at the end of June.

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