Floyd Co. faces rough economic times

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by Alex Shuman

WHAS11.com

Posted on October 17, 2013 at 12:09 AM

Updated Thursday, Mar 13 at 12:10 PM

LOUISVILLE, Ky. (WHAS11)-- The third murder trial of David Camm is coming at an extraordinary cost to Floyd County taxpayers, but it isn't the only issue presenting economic crisis.

Floyd County council member, Jim Wathen, said the current budget is nearly $2 million behind.  Camm’s current trial is estimated to cost the county $1.7 million, this figure, added to the already $3 million price tag of previous trials, puts taxpayers in a tough situation.

“It’s a situation where we spent more money than we had coming in,” Wathen said.

Wathen said multiple meetings have been held in attempt to find ways to pay for the trial.  The county has already borrowed $475,000 from a fund directed at the construction of a new bridge.

The rough economic times are not entirely blamed on the Camm trial.  A combination of the trial cost of Camm, of an upcoming trial of accused serial killer William Clyde Gibson, lower income from property taxes and 50 new hires are all aspects that have contributed to the struggle.

Wathen said layoffs, selling land and newly introduced local option taxes are on the table.

“I think it’s best to be up front with people,” he said.

Council president, John Schellenberger, did not comment on possible solutions.

He did point out the work the council has done, thus far, to combat the issue.

He said the council saved nearly $800,000 by changing the county’s health insurance and has made cuts to travel expenses.

The council is scheduled to meet tomorrow at 5 p.m. at the Pineview Government Center to discuss the budget.

Schellenberger does not expect them to solve the issue soon, he expects many more meetings.

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