Not a whole lot going on today, but the casual one says the county is still on pace to get $6 million to $8 million in surplus revenues when it closes the book in late August. Not too shabby.
He told the Knox County Commission during its luncheon today that general fund revenues are $8.9 million ahead of where they were this time last year. But, expenses also are up $12.7 million. He said this “has a lot to do with designations from the current year that are” tied to last year.
He said school revenues are up $6.2 million, and so are expenses – to the tune of $38 million.
“I know it seems a little alarming but it has to do with designations and the timing of revenue,” Caldwell told the board. “It’s not a big concern. I think it will play itself out.”