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First reading of 2024-2025 Hardin County budget passes by 5-4 vote

todayApril 10, 2024

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The first reading of the 2024-2025 county budget was held during the Hardin County Fiscal Court’s first meeting of the month Tuesday.

Hardin County Judge-Executive Keith Taul is proposing a budget that totals $59,615,729. The county’s expenses in the budget total $22,294,285, which comes in higher than the county’s revenue.

“We unfortunately only have revenue of $17.5 million of recurring sustainable taxes, fees, some interest thrown in there from some money that we have,” Taul said. “So you add all those up and it only amounts to $17.5 million.”

The proposed budget balances the deficit by using $440,000 of the county’s remaining American Rescue Plan Act funds and $4,367,634 of the $8 million pilot agreement with BlueOval SK.

“This is, in case you’re not familiar with that, it’s a one-time payout in lieu of BlueOval SK construction workers’ occupational taxes, and so this was an agreement with them that instead of trying to obtain the construction workers’ occupational taxes this was a payout to take in place of that.”

Taul said cuts have been made to the original budget presented to the county’s Finance Committee, but the budget still needs to account for high inflation over the past three years that has driven up prices for equipment and materials, as well as increases to insurance and personnel costs. The budget does not account for the county’s occupational tax as the county can’t project the revenue it will produce.

Members of the fiscal court were split on their support of the budget. Magistrate Chris Yates said he was not in favor of approving a budget that operates on a deficit two years in a row.

“I voted in favor of the budget last year, but a wise man once said, ‘if you find yourself in a hole, you need to quit digging,’” Yates said. “If we don’t put the shovel down, we’re going to find ourselves in a hole that even if we wanted to, we won’t be able to tax our way out of.”

Magistrate Kenny Saltsman said he took issue with the use of the BlueOval SK funds.

“$8 million that we’re getting from the BOSK was supposed to last us around 15 years, and this first year we’re using over half of it just to balance this budget,” Saltsman said. “We can’t continue down this road. I cannot support this budget on the words of hopeful, or even gambling as I’ve heard others state, when counting on the occupational tax to be our saving grace.”

Magistrates E.G. Thompson and Fred Clem both said the county is hampered by state regulations that take revenue streams away from county governments while permitting their use by cities. Clem said he supports the budget as the county is doing the best with what it can.

“There’s not a person on this court that’s not concerned about this budget. Not one of us,” Clem said. “We all have the same concerns, but I’m confident that we can manage our way through our fiscal issues and get back to parity.”

The first reading of the budget was approved by a 5-4 vote. The budget will go up for approval on its second reading at the fiscal court’s next meeting, which will be held April 23.

Written by: WULF News

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todayApril 10, 2024


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