For the fifth year in a row, Statham’s general government spent more money in FY2013 than it garnered in revenues. But Statham technically avoided being in the red in its General Fund by moving $231,100 from its water and sewer funds and SPLOST fund into the General Fund to cover the shortfall.
Last fall, Statham raised its property tax rate by 11 percent in a bid to stop the flow of red ink, but that move only brought in $29,000 more in revenues to the town.
On the expense side, the city did cut some of its expenses from what had been budgeted, but not enough to offset the revenue shortfall.
The town’s single largest expense was its police department at $466,500, which was 38 percent of the city’s General Fund spending.
For the full story, see the Nov. 27 issue of the Barrow Journal.