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Wayne County debates use of $91M surplus: Tax reduction on the way?

  • / Updated:
  • Staff Report 

Wayne County officials are debating how to use a nearly $91 million surplus, largely driven by increased sales tax revenues during the pandemic.

The Finger Lakes Times reports that officials like County Administrator Rick House and Treasurer Patrick Schmitt agree that the county needs a plan for the surplus. The unassigned fund balance has grown from $53 million in 2015 to $80 million in 2022.

Officials are considering setting a maximum fund balance and possibly reducing taxes. The county’s fiscal committee and other officials are working together to decide the best approach for managing the surplus to benefit taxpayers.