Bullitt County has more bills to pay than money in the bank - WDRB 41 Louisville News

Bullitt County has more bills to pay than money in the bank

To borrow or not to borrow?  That is the question government leaders are debating in Bullitt County. 

The problem is, the county has more bills to pay than money in the bank.  When the new fiscal year began July 1st, Bullitt County government hoped it would have about $2-million left over from last year's budget.  Instead the carryover was only about $.5-million.

Most counties face a lean start to the new fiscal year.  Little new revenue comes in July and tax collection offices don't begin taking in new property tax revenue until October.

"I do think it is a little more severe than I've seen it," said Bullitt County treasurer, Kenann Bradley.

Bradley says the half a million from last fiscal year and another half million from an insurance tax will barely cover the next two months payroll.  "I've received a lot of calls and e-mails, as well, just from concerned employees," said Bradley.

"To solve this problem, go on and get a line of credit at the lowest interest rate we possibly can and pay the bills off. That way, we'll make sure we have plenty of money for payroll," said County Judge Executive, Melanie Roberts.

Roberts wants a $2-million line of credit from a bank to tide the county over until new tax revenue comes in.  But Fiscal Court has delayed approving the loan but may have to re-consider next month.

"As of right now, we are okay on payroll and we are okay on utilities and this is something they are going to have to look at at the August fifth meeting, as far as the loan goes," said Roberts.

Right now, in Bullitt County government, it's emergency expenditures only. The county has stopped renovating this building where EMS and other county offices are going to locate. They are also delaying repairing a leaking roof here. The priority, right now, is to avoid employee layoffs.

Officials say the balance as of Wednesday is $672,619.12.

If they can get through the next two months, most leaders expect fall property tax revenue will get county government back on track.  But Treasurer Kenann Bradley says believes the County Judge and Fiscal Court will need to carefully check and control spending all year to keep a balanced budget in a slow economy. 

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