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It is observed that the budget is growing at a compound rate of 5.85% over the last 5 years. The steep upturn of 13.3% from 2015 to 2016 is particularly worrisome as that is not sustainable.
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The debt is over $1.3 Billion dollars and is also accelerating. If this trend is not arrested soon, the county may well be in financial trouble.
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The population is growing at a healthy rate of 4.21%, which is higher that most counties in the United States, yet budget and debt are growing far faster.
The last piece of not so good news comes from the 2016 Comprehensive Annual Financial Report that the unfunded pension liability for Williamson County is $110,158,224. This is at an assumed investment return rate of 8.1%. Has anyone seen rates like that recently? At an assumed investment rate of 7.1% the unfunded liability for the county balloons to $177,825,454.
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