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The cockeyed current state of the economy, combining the effects of both inflation and a recession, will also be a factor. Inflation is cutting into the county’s cash reserves, even as slowed down economic conditions are cutting into its income.
Luke said that as of February 28, 1974, Rappahannock County had a cash surplus of $265,490. At the same time this year, the surplus was $206,202. The lower surplus this year was largely the effect of inflation, he thinks; everything
96.5%