County Council Approves Budget with 10.5% Increase, No Property Tax Hike

In a commendable financial maneuver, the Lexington County Council has given their nod to a budget that marks a substantial 10.5% increase over the previous year, impressively achieved without resorting to a property tax spike. This recent budget stands at a striking $300,921,717 for the fiscal year of 2024/25.

Overview of the Budget Increment

In a show of focused capacity building, the enhanced budget paves the way for a 33-member addition to the county workforce. It strategically allows for increments in pivotal positions, ensuring the county’s ability to attract and retain quality personnel significantly enhanced. The department that stands to gain the most from these additional resources is Emergency Services, looking at a welcome cash infusion of approximately $4.29 million. This bolstering of emergency services would see the inclusion of 10 paramedics to their existing staff.

Moreover, other beneficiaries of this budgetary increment include the Eleventh Circuit Solicitor’s Office, the Lexington County Coroner’s Office, and Animal Services. Meanwhile, a substantial portion of the disaster relief funds poised at $10 million has been reserved for purchasing new equipment for Emergency Services to further strengthen their operations.

Allocations for Fire Services

Fire Service, another key area, has been allocated a significant $7,294,000 for purchasing necessary equipment. This includes two replacement fire engines, one new pumper earmarked for the Noth Lake area of the county, a new tower ladder truck for the West Region, a replacement brush truck, and a replacement tanker truck. A budget reservation of $1,444,000 is also in line for a second set of turnout gear, thereby ensuring firefighters are properly equipped for all situations.

Relevant Considerations

One of the important factors under consideration is an additional replacement engine valued at $1,100,000, which would bring the remaining SLFRF balance down to $628,928. Engine longevity and savings considerations stipulate that these engines, expected to last more than 20 years, can be swapped out to a new chassis or be fitted with a complete drivetrain replacement at a price much less than acquiring new units.

Bond Request for Recreation and Aging Commission

An additional development saw the 1st Reading of a bond request presented by the Lexington County Recreation and Aging Commission (LCRC). Looking at issuing bonds worth $34,000,000, the LCRC plans on allocating these funds for upgrading existing facilities and erecting new buildings, notably a new administration building and a Senior Citizens Center in the Red Bank community, requiring an overall investment of approximately $9.8 million.

Implication for Property Taxes

In a reassurance to the residents of Lexington, County Councilman Todd Cullum confirmed that even with the approval of the LCRC bond sales, there would be no need to raise county property taxes. As current bond debts are retired, new bond sales can replace them, ensuring no net changes reflect on the county property tax bills.

Looking Forward

With this approval, the Lexington County Council has demonstrated its strategic financial planning capacities to manage the budget without burdening the taxpayers. The implications of this newly approved budget stand to significantly enhance key public services and infrastructure, marking a major leap forward in meeting the county’s growing needs.


Author: HERE Chapin

HERE Chapin

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