County’s in the black

Even though revenues were down from taxes, building permit fees and state and federal sources, King George County ended fiscal year 2008–2009 with an excess of almost $2 million.

Most of that, or $1.19 million, came from a surplus in the school budget. The rest of the excess was money the county saved by cutting back when the economy soured, said Chairman Joe Grzeika.

King George  spent $1.37 million less than it had budgeted on county departments. Those cuts in spending offset the reduction in revenue, which was down 41 percent from  building permit fees and 35 percent from recordation taxes—fees paid on deeds, mortgages and similar documents.

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