Monday, May 3, 2010


Annual Ulster County financial report shows 2009 with balanced budget

KINGSTON – Ulster County used $5.7 million from its unreserved-unappropriated general fund balance to balance the 2009 county budget of $259 million.

The county remained within the five percent to 10 percent recommended percentage that the unreserved-unappropriated fund balance should be as part of the total general fund budget. The county’s balance was 6.5 percent.

County Executive Michael Hein said there is a positive message when analyzing the budget.

“In the face of a $7 million reduction in sales tax revenue, by making significant internal budgetary cuts and additional revenues, we created a situation where the taxpayer did not suffer and ultimately we are in better position going forward,” he said.

Hein said, though, that Ulster must still move forward with his 10 point Taxpayer First Initiative to begin closing the projected budget gap for fiscal year 2011.

(Copyright © 2009 Mid-Hudson News Network, a division of Statewide News Network, Inc.)

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