Budget Overview

Every year, the Boone County Fiscal Court prepares a budget that strives to wisely invest tax dollars and grant funds back into our community. Anticipated expenses and revenue are carefully budgeted, so residents are not burdened with additional taxes. Here are a few highlights of the proposed FY27 budget. (The Fiscal Court is on a fiscal year, which runs from July 1-June 30.)

• No new tax, no increase in existing tax rates or new fees are proposed.

• General fund recurring revenues of $83 million, up 2.3% which is attributed to moderate payroll tax growth.

• General fund recurring expenditures are $65.8 million, an increase in 3.1% from FY26. 

  • Most of this is related to increases in Sheriff support, including two records staff, non-public school resource officers and mobile data terminals (MDTs) replacement.

  • Without additional public safety investments, general fund recurring expenditures are only up 0.5%, which reflects the Fiscal Court priorities.

• General fund reserves continue to be spent down. The forecasted FY27 reserve is 30.3%, which is above the County's 25% minimum reserve fund policy but aligned with the 30% reserve recommendation from bond rating agencies.

Additional budget highlights for FY 27 include:

• Fiscal Court Special Projects Fund. This provides funding for Court-initiated projects that might arise during the fiscal year, and only as approved by the Fiscal Court.
• Water Rescue received a state appropriation of $4.5 million to help fund improvements on the new waterfront property.
• Proposed full-time staff levels will stay the same at 288 full-time positions.
• A new proposed police social worker will be funded completely by opioid settlement funds, at no expense to taxpayers.

Review the proposed FY 27 budget.