Friday, October 6, 2017

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Dutchess 2016 year-end report shows strong finances

POUGHKEEPSIE – Dutchess County government’s 2016 year-end financial report shows the county ended the year with a $10 million surplus in its general fund.

The county’s audited general fund balance is $59.9 million, representing almost 14 percent of general fund revenues.

County Executive Marcus Molinaro said the county’s commitment to ensuring a stable fund balance helped secure the AA+ bond rating from Standard & Poor’s.

“It is all important as we continue to make Dutchess County Government as efficient and effective as possible, but it has enabled us also to provide three years of property tax levy reductions and put the county in a strong fiscal condition, at the same time being able to relieve some of the burden on local property taxpayers,” Molinaro said.

County Comptroller James Coughlan credited the county’s strong financial position to “Careful scrutiny of expenses, maximizing revenue opportunities, internal control and operating efficiencies, and overall commitment to fiscal stability throughout Dutchess County Government has led to lower property taxes, reduced debt, improved bond rating and better delivery of services for residents.”

 


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