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Commission closes $18 million budget gap | Politics

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Commission closes $18 million budget gap
Politics

LAWRENCEVILLE, Ga. – (submitted by Gwinnett County Government) The Gwinnett County Commission approved two recommendations on Tuesday that finished closing the County’s $18 million 2011 budget deficit.

Actions taken since the 2011 budget was adopted on Jan. 4 had filled all but about $2.6 million of the original $18 million shortfall. The items approved by commissioners during their March 15 meeting will raise the County’s 2011 revenue estimate by an additional $1.66 million and establish a new Budget Stabilization Reserve within the general fund that will allow the County to draw up to $3 million from this fund to pay for operations.

The increase in the County’s 2011 revenue estimate is based primarily on new judicial fees being generated through the County’s court system as a result of legislation passed by the Georgia General Assembly in 2010. The legislation (HB 1055) will result in $1,158,382 in increased fee income through the Clerk of Court and another $250,000 from the County’s Probate Court. The remaining $249,339 in new revenue is coming from stronger than expected returns on County investments.

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