Posts Tagged ‘ fund balance ’

COMMENTARY A majority of the Cecil County Council seems to be worrying about picking up peanuts, as it reviews the proposed Fiscal 2018 budget, while ignoring the elephants in the room: the need to invest in the county’s future and to work harder and smarter to address the local opioid drug epidemic. Some of...
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NEWS ANALYSIS Cecil County Executive Alan McCarthy’s first-ever budget proposal landed with a bang at the doorstep of the County Council this week, accompanied by a perhaps surprisingly muted reaction, so far, from the public and positive endorsements from local business leaders and representatives of popular county programs. McCarthy’s budget raises property tax rates...
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Cecil County Executive Alan McCarthy reflected on his four months in office Thursday (3/30/2017) as a “hectic” but “educational experience,” with steps already taken to reorganize county government, re-order transportation priorities, and promote business development. But he warned that the county faces a fiscal “empty bag” due to stalled revenues, rising costs, state spending...
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A CECIL TIMES SPECIAL REPORT NEWS ANALYSIS Cecil County’s fiscal picture looked rosier than expected recently as county finance officials presented a detailed accounting of the recently completed budget year and projected a positive forecast for the rest of the current fiscal year. But buried in the numbers were enough caveats and concerns to...
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NEWS ANALYSIS In her last budget as Cecil County Executive, Tari Moore—who is not running for re-election– does more of the same: draining reserve funds, accumulated over many years by past County Commissioners to protect the county against sudden fiscal adversity, in order to pay for her current spending plans. Her latest Fiscal 2017...
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