FortWayne.com
 
  Text size  Increase text sizeDecrease text size      
Posted on Fri. Aug. 22, 2014 - 12:01 am EDT

County's 2015 revenue estimates lowered by $1 million

DISCUSS
Comments
 

The proposed 2 percent raise fore Allen County government employees next year is in doubt thanks to a $1 million shortfall in income taxes the county expects to receive next year. Original estimates indicated a slight increase, creating total estimated 2015 revenues of about $88.7 million. Each 1 percent raise costs about $500,000, and with various departments still seeking another $443,000 in spending next year, the "missing" million could come from the departments' budget appeals, health-care costs or raises, Chief Deputy Auditor Nick Jordan said. County Council will resume work on the budget next month.


Comments
 
Tuesday
Tuesday
High 37 °F
Low 17 °F
23 °F
Overcast
Sponsored by Masters Heating & Cooling, Inc.
LOCAL BUSINESS SEARCH
Local Search
STOCK SUMMARY
Dow 18288.63155.93
Nasdaq 5008.1044.57
S&P 500 2117.39+12.89
AEP 56.15-1.43
Comcast 59.87+0.49
GE 26.11+0.12
ITT Exelis 24.35+0.15
LNC 58.77+1.13
Navistar 28.94-0.17
Raytheon 110.45+1.68
SDI 18.055-0.165
Verizon 49.47+0.02
  Stock Sponsor