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credited to the county’s account this week would be substantially less than $80,000. “The bank (Rappahannock National Bank) will give us 9.0 or 9.5 percent daily rate (in interest),” she added.
To supervisor Mike Massie’s contention that the board should accept the blame for the county’s embarassing financial state, the county administrator said: “It’s a cash flow problem. . .We could have added 20 cents to the tax rate (in July when the budget for 198889 was adopted) and we’d still be in the same fix.” Rappahannock’s general fund will have enough money to meet expenses and rebuild the surplus to the generally accepted 5-percent-of-the-budget level as soon as people pay their real estate and property taxes, he said.
“It’s all going to the landfill," Mrs. Foster noted.
Mr. McCarthy agreed that landfill expenses have created the cash flow problem. Bills from the engineering firm that designed the landfill, the contracting firm that built the landfill, the company installing the landfill liner and other expenses involved with handling Rappahannock’s trash have all been paid in the last two months, Mr. McCarthy said.
93.1%