WKYT | Lexington, Kentucky | News

Powell County Addresses $1 Million Budget Shortfall

STANTON, Ky. (AP) - Officials say layoffs are possible to
address Powell County's $1 million shortfall.

An audit released Monday found that the county had a deficit in
its general, jail and disaster emergency services funds at the end
of the 2006-07 fiscal year.

Judge-Executive Darren Farmer says remedies for the shortfall
include increasing the payroll tax from 1 percent to 1.25 percent,
a 4 percent property tax increase and cuts in the county's work
force.

A state audit for fiscal 2005-06 found that the county had spent
more money than it had, mishandled restricted funds and borrowed
money without notifying the proper state officials.


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