County’s raise razed by higher healthcare costs

By Randy Wyrick

EAGLE — You know how you sometimes get a raise, but the extra money is already spent because of increasing costs?That’s how it goes with Eagle County’s government.Because of increasing property values (18 percent since the last appraisal), your property taxes and the county’s property tax revenue will be about $2 million more next year than this year.However, skyrocketing healthcare costs will devour most of that.Between spiraling healthcare costs, other increasing expenses and flat revenue in other areas, the county is being forced to dip into its reserves to pay the bills, according to the latest financial statements.It’s money the …

Source:: Vail Daily Feed