Washington County will have a surplus for the year that ended June 30 of $3 million to $4 million, according to the county finance director.
Debra Bastian said a hot stock market combined with low unemployment and a change in a tax sale date helped swell revenues. Because tax payments are still coming in, Bastian said she didn't have an exact figure for the surplus.
The County Commissioners, who raised property taxes by $2.5 million July 1 to pay for increases in spending on the county prison, education and sewers, decided Tuesday to spend $250,000 of the surplus on road resurfacing, up to $50,000 on a fall solid waste cleanup day, and $2 million on capital projects in fiscal 1999.
Bastian said she had been forecasting a $7 million deficit in capital budget funding that year. That now will drop to $5 million, she said.