Last updated: July 15. 2014 4:13PM - 217 Views
Press Release

Story Tools:

Font Size:

Social Media:

MIAMI COUNTY — The Miami County Commissioners formally adopted the 2015 tax planning budget during the regular board meeting on Thursday, July 10. The approval is based upon projections of estimated carryover, estimated revenue and project expenditures for the year 2015.

The tax planning budget, mandated by the Ohio Revised Code, is a planning tool and the first step in the county’s budgeting process for 2015. The second and final step is the adoption of 2015 appropriations which will be adopted by resolution in December of this year.

The Board of Commissioners will hold hearings in the fall with each elected official and department head to discuss their final appropriation requests and narrow any gap there may be in the 2015 budget between revenues and expenses.

The County Budget Commission projects the general fund revenues for 2015 at $23,161,093.17 expenditures in 2015 are limited to $28,739,953.67. Total funds revenues for 2015 are projected to be $84,460,186.30 and appropriations of $93,990,611.93.

The $4.2 million in general fund cuts made in 2010 by Miami County elected officials and departments enabled the county to have budget surpluses ever since. However, the opening of the two pods in 2014 and the potential opening of at least one additional pod at the incarceration facility this coming year, will make our budget that much tighter. We will be diligently evaluating our financial condition with the county auditor to ensure our positive position in the markets and take action when needed. We continue to be cautiously optimistic the general fund will be balanced in 2014 and with hard work and cooperation, again in 2015.

Commission John W. “Bud” O’Brien said, “The elected officials and department heads are to be commended on their continued conservative approach to the county’s fiscal health in keeping Miami County financially strong.”

Commission John F. “Jack” Evans added, “The tax budget is the first step in the two step process in setting the county’s appropriations for 2015. We continue to look forward with the other elected officials in presenting a balance budget for next year.”

O’Brien continued, “Since the 2010 cuts, we’ve made decisions that have put us in strong positions to better manage our services and expenses. some examples of these are; the combination of four departments into one, forming the Department of Development, which streamlined operations and service delivery; moving all county IT personnel under the county auditor and making them available to all county offices; and launching a new county web site to better communicate with our citizens and visitors. These are just a few of the improvements and there are more in the works. These types of changes would not have been made possible without the hard work of all our elected officials, department heads and especially our county employees.”

For more information, contact the Office of the Miami County Board of Commissioners at 440-5910.

All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus

Featured Businesses


Info Minute

Gas Prices

Troy Gas Prices provided by GasBuddy.com