Tag: Horry County Budget

Crunch Time on Horry County Budget – Updated

Third reading of the Fiscal Year 2014-15 Horry County budget could provide some interesting viewing at tonight’s meeting of Horry County Council.

Central to the discussions will be a new funding agreement with Coast RTA, which will tighten council control over the money it provides Coast RTA, but not nearly to the extent that was called “overreaching” by several council members earlier this month.

Also of concern to some council members is the “hidden tax increase” included in the millage rollup associated with last year’s reassessment of property values throughout the county.
Property values showed a net decline due to the housing bubble bust several years ago and a slight increase in millage was needed to balance next year’s county budget.

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Coast RTA Funding Agreement Far Exceeds Special Committee Recommendations

Horry County has apparently found a way to exert the influence it desires over Coast RTA decisions with a proposed funding agreement between the county and the bus agency.

After failing for the last two years to have its membership on the Coast RTA board increased, the county will now have the ability to virtually dictate decisions to the Coast RTA board if the new funding agreement is approved by both sides.

The funding agreement goes far beyond recommendations made by a Special Committee on Coast RTA appointed by Horry County Council Chairman Mark Lazarus. The committee deliberated through four sessions before approving a report to Horry County Council that recommended continuing funding for the agency.

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The Ungraceful Horry County Budget

What appeared to be a shock to Horry County Council Tuesday night that county revenues will decline as a result of reassessment of property values should not have been.

A year ago we wrote that the county would experience a decrease in overall land value as a result of reassessment and council would have to raise taxes in order to keep tax revenue at the same levels as before reassessment.

Horry County Administrator Chris Eldridge tried to lessen the shock by saying it’s not a huge amount of money that is being talked about.

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Coast RTA Funding from Horry County Intact

After Tuesday’s Horry County Council budget workshop, Coast RTA was still on track to receive $1.055 million in grant funding for next fiscal year from Horry County.

Council member Marion Foxworth presented a synopsis of the findings of the Select Committee on Coast RTA, which council chairman Mark Lazarus appointed and Foxworth chaired.

Foxworth said the Select Committee voted unanimously and was adamant in recommending to continue the county’s commitment to public transportation and the taxpayers who pay for the grant.

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Tom Rice and Jobs, A Lotta Talk With Few Results

Tom Rice and the Failed Campaign Ploy

Obvious campaigning with the Horry County budget didn’t work for county council chairman and 7th Congressional District candidate Tom Rice Wednesday as his fellow council members saw through the attempt.

During a council Committee of the Whole meeting, Rice suggested a series of proposed budget changes that appeared to be designed more for their voter appeal than county fiscal stability.

The county budget for FY2013 has passed two readings and will be up for third reading at the regular council meeting scheduled for June 19, 2012.

During budget discussions, workshops and readings since January, Rice has opposed proposed pay raises for county workers while he advocated building a reserve fund for projected budget deficits beginning with FY2014.

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County Employees Could See Pay Raise

Horry County employees have not had a raise in the past three budget years, but that could change in the upcoming year. A majority of council members currently seem inclined to include an employee pay raise in the FY 2013 budget.

The county has weathered three difficult budget years and is currently running an approximately $9 million surplus in this year’s budget. It’s not that revenues are making a real comeback, it’s more that county government has significantly cut expenses over the past three years.

Much of the blame for local budget shortfall in the past three years can be laid at the feet of the state General Assembly. When Act 388 was passed in 2006, eliminating owner occupied homes from property taxes that funded school operating budgets, the state raised the sales tax one penny, promising to fund school operating costs from the state budget.

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