WILLIAMSON – The Mingo County Commission (MCC) held a special meeting Tuesday, Sept. 15, at 3:00 to discuss the financial status of the county.
The purpose of the meeting was to allow the public to have the opportunity to compare the decrease in revenue from the previous year.
Commissioner Greg “Hootie” Smith said, “Unfortunately, the revenue is not coming in as well as it was last fiscal year. We want to stay on top of this as much as we can. We are all working together on this.”
A quarterly packet was provided comparing the revenue intake from last year to this year.
According to the packet, for the general fiscal year of 2014 the carry-over was $1, 019,225. For the 2015 fiscal year, the carry-over was $458,705. That is a $560,519 decrease from the previous year.
The revenues for July and August in 2014 were $2,005,612. For July and August 2015, revenues were 1,486,456. That is a decrease of $519,156 from the previous year.
The cash balance is also down from the 2014 fiscal year. There has been a $735,927 decrease from the previous year.
Tax collection on items such as personal and property taxes are also down for the county. Compared to August of last year, tax collection is down $410,019.
Smith said, “We are hopeful. The tax department has worked hard with us and we have a credit card system in place now. Some people are taking advantage of that and utilizing that.”
“We want everybody to be informed. We want to give everyone the same numbers that we have. We are not trying to hide anything from anyone.” Smith continued.
County Commissioner John Mark Hubbard expressed his thoughts on the cities’ financial situation saying, “I think we have to be realistic about what we have in front of us. At the same time, we are trying to do everything we can to continue to provide the services for our residents. We still have some positives in our county. We have a major water project going on in our county. We continue to talk to folks about investing back in Mingo County. We have infrastructure in place that can bring people in here. We are going to continue to promote our county.”
A regularly scheduled meeting was held after the special meeting. The Commission will hold two regular meetings in October.