- Associated Press - Wednesday, September 21, 2016

GREENVILLE, S.C. (AP) - Greenville has a problem that most other cities would like to have - a more than $10 million surplus.

The Greenville News reports (https://grnol.co/2d1pgTB ) that the city has a $5.5 million surplus in its general fund supported by property taxes. The fund generated by the accommodations taxes has another $5 million surplus.

The extra money is the result of conservative budgeting and growth in the area.

Now the city has the welcome problem of deciding how to spend the extra money.

The newspaper says one consensus that seems to be developing is to spend about $2 million of the general fund surplus on developing affordable housing, especially near downtown where real estate prices have been increasing.

The accommodations surplus must by law go to programs promoting tourism.


Information from: The Greenville News, https://www.greenvillenews.com

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