Northampton’s finances appear to be in a healthy position.
Finance Director John Chandler made a presentation Tuesday night giving the Supervisors an overview of the County’s capital balances and rainy day fund.
According to Chandler, the School system currently has $3,206,897 in its balance for the school’s capital projects. The County has 1,195,063 for capital projects. These funds are only used for infrastructure.
Chandler also reported the County has approximately $10,000,000 in its rainy day fund.