Martinsville financial advisor anticipates deficit spending in 2022 reporter-times.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reporter-times.com Daily Mail and Mail on Sunday newspapers.
ANGOLA â Steuben County officials on Tuesday received some advice on how to invest a windfall from the federal American Rescue Plan that will soon put $6.7 million into county coffers.
The countyâs financial consultant, Jeff Peters of Peters Municipal Consultants, Franklin, said in a joint meeting of the Steuben County Council and the Board of Commissioners the money should be divided between operating funds and projects.
Based on past yearsâ experiences and potential shortfalls that arose due to the COVID-19 pandemic, Peters recommended putting aside $2.7 million for operating funds and the remaining $4 million for projects.
âThe operating money, it is most important to capture that,â Peters said.