Sunday, July 12, 2009

Counties throughout Florida have budget problems

Bay's budget problems common statewide

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The factors combining to crunch Bay County’s 2010 budget are squeezing counties across the state.

Bay County Manager Ed Smith has worked in county management for the better part of 20 years, since taking a job as the public information officer for Marion County in 1987. He’s worked through boom-and-bust cycles before, when quickly rising or falling property values make it difficult for counties to guess how much ad valorem income there will be for the upcoming fiscal year.

But this latest cycle is unprecedented, he said.

“In terms of adjustment, I don’t think I’ve ever seen anything like this,” Smith said Monday.

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