14/15 Budget Briefing from the CEO
It's been a rough few years since the downturn began in 2008. The County workforce stands at 781 down about 26%. County employees have made reasonable concessions. The County has used $6.1 million of fund balance and reserves.
We are slowly rising but there remains significant uncertainty. Sales tax continues to rise. For the 2nd year in a row property taxes will increase. The State with Capital Gains and Prop. 30 appears stable. There is Federal Budget stability but still some partisanship (debt ceiling). The economy is still sluggish, entering the 5th year post-recession.
You will see that our structural deficit is about $1.9 million. This is up from last year, largely due to Retirement and Health Insurance costs. Our tools to reduce this deficit are more limited. Clearly we won't be adding positions.
The good news is the 15/16 Fiscal Year could be the return to normalcy.
1. Budget Calendar
2. County Goals & Objectives
3. Subcommittee Calendar
4. Proposed Budget for FY 2014-15
5. Final Budget for FY 2014-15
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