Ulster County fund balance exceeds limits, Comptroller March Gallagher claims

July 7, 2022

Daily Freeman

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“Fund Balance is a vital cushion that allows County government to prepare for an uncertain future,” Gallagher said in a press release. “Ulster County could see significant revenue declines in sales tax as inflation or a recession impacts consumer spending in 2023 and beyond. It is absolutely imperative that when we exceed the necessary buffer, that we use our positive financial position to provide relief to taxpayers.”

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