The Transylvania Times -

County Faces Significant COVID-19 Financial Impact -Brevard NC

 

Last updated 4/22/2020 at 3:45pm



COVID-19’s impact on Transylvania County government’s revenues will be significant but just how much is still unclear.

Last week during the Board of Commissioner’s meeting, county officials said the worst-case scenario – mainly driven by the loss of sales tax money – could see revenues decreased by $800,000 to $900,000 this fiscal year, which ends June 30, and as much as $2.5 million next fiscal year.

Typically at this time of year, counties are in the middle of budget preparation, but COVID-19’s impact has seen, County Manager Jaime Laughter said, revenues become a “moving...



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