County's preliminary budget still looks tight -

County's preliminary budget still looks tight

Federal stimulus money has temporarily plumped up the coffers in Madison County, but officials warn that the county's financial situation is still grim. On Wednesday, the county's Finance Committee got a look at the first draft of the fiscal year 2010 budget, one that shows a 9.72 percent increase over last year. But Madison County Auditor Rick Faccin is quick to point out that the $14.2 million federal infusion this summer paints too rosy a fiscal picture. "In a nutshell, other than designated funds and special revenue funds, the budget is down 3.98 percent," Faccin said. "There's really not a 9.72 percent increase." to read the full story from the Intelligencer.

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