Augusta Raids Reserves Again To Balance Budget

Augusta, Georgia Seal graphic
Augusta, Georgia Seal graphic

Augusta, GA – The city of Augusta is once again raiding its reserves to balance its budget.

The just completed audit found the city spent almost $7 million more last year than it brought in, and this has been the trend for the past three years.

In 2013, the city needed $778,000 out of its surplus to even out the budget. And, in 2012, #3 million was needed.

Augusta Finance Department officials say cleanup from the 2014 ice storm is the reason for the large amount needed in 2014.

Reserves could be in use again this year. City leaders included $1.25 million in Storm Water Utility Fee money to balance the 2015 budget. However, the fee still has not been approved, meaning Augusta must find others ways to make up that revenue.

 

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