Join me on a trip down memory lane from a Gwinnett County millage rate increase that “will carry us through the five-year financial plan,” yet just seven months later instead be a $47.5 million deficit.
March 21, 2010 “We feel like the cuts that we made in 2009, including the millage rate increase, will carry us through the five-year financial plan,” said Aaron Bovos, Gwinnett’s chief financial officer. “We went through the pain last year.” AJC
August 17, 2010 Finance director Aaron Bovos acknowledged it’s a temporary budget fix. He said the county must overcome a $31 million shortfall as it begins to put together its 2011 budget. AJC
November 10, 2010 “Affirmation of our ratings is solid evidence of Gwinnett County’s financial stability and sound management as we navigate today’s difficult financial and economic conditions,” Bovos said. Gwinnett Daily Post
November 16, 2010 Gwinnett could cut its library budget by 15 percent and money to subsidies in half to try to make up a $47.5 million budget deficit. Finance Director Aaron Bovos made the recommendation Tuesday but noted that even with the use of $15.8 million from a one-time second tax payment earlier this year, the county is still $17 million in the hole. Gwinnett Daily Post
What will be next?
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