Hamilton Co. commissioners think about a funds that covers ‘greater than the naked requirements’

4 mins read

Hamilton County commissioners will approve a brand new $1 billion funds by the top of the yr. That features a $313.4 million common fund funds, up from about $291 million final yr.

The proposed funds features a reserve of 19.6% of the overall fund. President Stephanie Summerow Dumas says that is far above the trade customary of 15% reserve.

“It is simply exceptional, I might say miraculous, with the rise of the reserve that we now have throughout a pandemic,” she stated. “We remained environment friendly. We allotted the monies that wanted to be allotted.”

Commissioner Denise Driehaus says this funds prioritizes the wellbeing of county workers.

“We have got tuition and reimbursement on this funds. We have got a brand new parental go away coverage that we handed a pair months in the past. There’s coaching on this funds. We’re very dedicated to having market fee compensation for Hamilton County as we evaluate ourselves to different counties and different entities,” Driehaus stated. “So I am glad that these items had been included right here. We have to dignify the work of the oldsters that work for Hamilton County and I believe this funds goes a good distance in doing that.”

The funds additionally features a 3% wage improve for all non-bargaining county workers.

Normal fund income is regular because of a one-quarter p.c improve within the gross sales tax beginning final yr. (The tax was a continuation of the now former Union Terminal restoration levy, which expired March 31, 2020. Collections for the county’s levy started April 1, 2020.)

“We at all times structurally stability our funds, however this one’s a bit completely different as a result of it is just a bit bit greater than the naked requirements,” Driehaus stated. “And the tax improve of a pair years in the past simply permits us to try this.”

Property tax income has additionally been steady, whereas courtroom charges and fines have been suppressed by the pandemic.

The Division of Job and Household Companies accounts for greater than $255 million of the full funds. Former JFS Director Tim McCartney retired this yr.

“And in order that’s why I hold my eye on not simply this funds, however who’s going to be in command of it,” stated Vice President Alicia Reece. “Who would be the subsequent Jobs and Household Companies director, and what course do we have to go?”

Commissioners are anticipated to approve a closing funds on Dec. 14. The general public can weigh in on the funds course of at public hearings over the following few weeks:

  • Wednesday, Nov. 10, 6:30 p.m.: Silverton City Corridor (6943 Montgomery Street)
  • Wednesday, Nov. 17, 6:30 p.m: Forest Park Senior Middle Corridor (11555 Winton Street)
  • Thursday, Dec. 2, 1:15 p.m: County Authorities constructing (138 E. Courtroom Avenue, Room 605)

window.fbAsyncInit = function() { FB.init({

appId : '499535550966772',

xfbml : true, version : 'v2.9' }); };

(function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

Leave a Reply

Previous Story

10 Canadian Penny Shares to Purchase Now

Next Story

Accountant, IRS agent take stand in tax evasion trial