Horry County general fund short $5m at five-month mark; property tax not included

Horry County’s general fund is off by more than $5.6 million from what county officials projected it would be, but its finance director says it has to do with the timing of tax billing and not a shortfall in revenue.

Barry Spivey, the county’s finance director, said a look at the first five months of the county’s fiscal year 2015, which began July 1, shows the county’s overall revenue is down by $5.6 million from what was planned.

“Typically we are billing our taxes at the beginning of October, but with the conversion of our software system, we’re actually billing at the first of November,” Spivey said. “So there’s a time delay in which those bills actually reached the individual property taxpayers and that’s what is driving this variance in terms of real estate and personal property taxes.”