All Eyes are on the PWC Budget
The BOCS Halloween Financial Retreat begins today. Instead of going to some swanky place to convene, to their credit, the PWC BOCS are staying put and doing their work right at County Complex.
Their task is daunting. Running a county on a $190 million dollar shortfall is not for the faint of heart nor for one with a personal agenda. Pre-released agenda documents pretty much spelled out how dire the situation is.
At root of the financial problem is the huge, disproportionate amount of foreclosures in PWC. Each foreclosure lowers the property values of the houses around it. Many people have seen an almost 50% drop in the value of their home in the past 2 years.
The loss of value of the homes naturally changes the property tax assessments. As if things weren’t bad enough, sales tax receipts have dropped for 5 months in a row. The county is hurting.
Each county department was directed to create a budget with 10%, 20%, and 30% cuts. Looking through the documents, there were some extremely severe cuts. All eyes will be on the public safety departments first.
According to the Washington Post:



