Franklin County, N.C. — When the housing market struggles, builders don't construct as much. Local governments don't collect as much in permit fees and projected taxes.
In larger counties like Wake, the loss of revenue is easier to absorb, but smaller counties including Franklin, are feeling the pinch.
In the county, septic tank permits are down, causing nearly $70,000 to be taken unexpectedly from the county health department.
Fewer construction permits has left the planning department is down $55,000.
“We weren’t anticipating the decreases we’re seeing in some of our revenues,” said county finance director Chuck Murray.
The county could lose $570,000 of projected revenue.
“It’s kind of a trickle down effect from the whole thing. We’re not getting the sales we need and they’re not getting the revenues that they kind of counted on,” said Tracy Jones of JVC Homes.
Murray said it is too early to tell if the loss of revenue will mean programs have to be cut.
Franklin County Commissioner Don Lancaster says he doesn't believe the county will need to cut any programs. He says the county will make up its lost revenue from the county's fund balance.
Loss of Housing Revenue Could Hurt Franklin County
- Reporter: Beau Minnick
- Web Editor: Kathy Hanrahan
RELATED TOPICS: Franklin County
Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
5 Comments
| MOST | Viewed | E-mailed | Discussed |
Most E-mailed Stories
Most E-mailed Videos | |||
| MOST | Viewed | E-mailed | Discussed |
Most Discussed Stories
Most Discussed Blog Posts | |||
Multimedia
Key dates in the investigation of Lance Armstrong on charges he used performance-enhancing drugs.
Key events in Iran's relations with the West.
An interactive look at the controversial decision and reversal of the Susan G. Komen Foundation to stop funding breast exams at Planned Parenthood.
Click to See All CONTESTS available from WRAL.com
You Are The Missing Piece: JoinRotaryNC.com



![[SLIDESHOW]](http://wwwcache.wral.com/asset/entertainment/out_and_about/2012/02/04/10712136/pics_agunn53833-100x75.jpg)
![[SLIDESHOW]](http://wwwcache.wral.com/asset/lifestyles/travel/2012/02/09/10710709/10710709-1328829176-100x75.jpg)
![[SLIDESHOW]](http://wwwcache.wralsportsfan.com/asset/basketball/2012/02/09/10705803/10705803-1328766083-100x75.jpg)
![[SLIDESHOW]](http://wwwcache.wral.com/asset/lifestyles/travel/2012/02/08/10704761/10704761-1328743348-100x75.jpg)







WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.
This story is closed for comments.
March 31, 2008 11:11 a.m.
March 28, 2008 12:39 p.m.
March 28, 2008 7:35 a.m.
March 27, 2008 7:09 p.m.
March 27, 2008 6:52 p.m.