07/22/2020- Menominee County’s Finance Committee got their first in-depth look at the County’s budget for the next fiscal year. A draft of the FY 2020/2021 budget was presented Tuesday and shows that the County has eliminated the structural deficit issues they faced last year through the passage of a pair of millages supporting the library and E-911 systems. County Administrator Jason Carviou says Menominee County has a projected revenue of around $8.5-million dollars for next year, which includes a 2.2% increase in property tax revenue, however, he’s anticipating a 50% decrease in revenue from interest earned, due primarily to the COVID-19 crisis.
The uncertainty of the full impact of COVID-19 on the State’s budget has made crafting Menominee County’s especially challenging. Carviou has said in the past they’ve not been able to predict how severe, if any, cuts to shared revenue might be, so that’s one factor they’ll have to deal with as it comes.
The Finance Committee asked Carviou to make some line-item adjustments within the budget and a handful of salaries still need to be settled on. The FY 20/21 budget will be brought back to the Committee for consideration next month before being passed on to the full County Board for review.