Budget squeeze in Pike Co. could mean layoffs, tax hikes
Layoffs and cutbacks or new taxes are possibly on the way in Pike County. Leaders say the fiscal court there must find a way to handle a potential budget deficit next year.
Magistrates and department heads discussed the situation Tuesday morning. Cutting spending or increasing revenue are their only two options. Magistrates say both will hurt people in Pike County, but they will have to make a decision in these next few months.
Pike County officials say county vehicles with hundreds of thousands of miles and other old, failing equipment needs to be replaced next year, and it could add up to thousands of dollars. Officials hope in the next few months to have a clearer picture of next year's potential budget problems. Some say it is possible they will not have a deficit as projected.
Officials have until the new fiscal year starts on July 1st to make a decision on cutbacks or increased revenue, but Judge-Executive Wayne T. Rutherford said he would like to have an idea of which direction to go by March 23rd.