Washington County governmentâs new $73 million budget was passed last week, and includes a $44.9 million general fund budget balanced by moving money from capital projects and a variety of restricted and committed reserve accounts.
County commissioners voted to erase a $3 million shortfall without taking dollars from the countyâs $16 million general fund reserve.
Washington County Mayor Joe Grandy said a policy endorsed by the commission requires the county to maintain a reserve amount equal to four months of spending in the budget.
Grandy said dipping into general fund reserves would negatively impact the countyâs financial and bond rating.
Commissioners rejected an earlier plan to balance the general fund budget by taking $3 million in local option sales tax dollars that have been earmarked for city and county schools for more than 30 years.
Electric cars, charging stations on the move in Tri-Cities
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Commissioners set to consider new county budget with pay hikes
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