The latest figures show that Marion County is bringing in more money than it is spending. While these numbers can and do change daily, the Marion County Commissioners Tuesday expressed cautious hope that 2010 will continue on this course and end with a surplus in the General Fund.
Marion County Auditor Joan Kasotis says the sales tax revenues for the County are up slightly compared to last year. The figures provided Tuesday use estimated sales tax figures for May through July. This is because sales tax is submitted to the State who then sends the County their portion. This causes a delay of a couple months.
At the end of July, according to the figures released by the Commissioners, the County had $9,477,607 in revenue versus $8,634,788 in expenditures. That results in a positive balance of nearly $843,000.
For 2010, the County made a 20% cut in General Fund spending. The hope is to buffer the County’s budget as economy makes a slow recovery.
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