Even though Allen County will continue to lose revenue due to property tax caps, for the first time in years projections for Allen County do not show a shortfall in next year’s budget.
Projected revenues for 2015 could outweigh projected expenses by $2 million.
“I was surprised,” County Auditor Tera Klutz said Thursday. “I think it may be due to an uptick in the economy and more revenue from income taxes.”
In explaining the breakdown of projected revenue for 2015, Chief Deputy Auditor Nick Jordan cautioned that figures could change, including the estimated 3 percent increase in income tax revenues.
“There are some circumstances pending out there that could have significant impact on the expected revenues,” Jordan said.
Allen County Council members will begin planning next year’s budget for the county’s 33 departments in July.