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$792 Million Budget Approved by Placer County Supervisors




The Placer County Board of Supervisors voted unanimously Tuesday, June 3 to approve a $792.5 million proposed budget for the 2014-15 fiscal year.

The proposed budget will serve as an interim spending plan when the new fiscal year begins July 1. The board will adopt a final budget with updated revenue and expenditure projections in September.

The proposed 2014-15 budget is approximately $71.6 million, or 9.9 percent, higher than the final budget for 2013-14, largely resulting from a year-over-year increase in anticipated infrastructure expenses, including work on a regional sewer system that will pump wastewater from North Auburn to the City of Lincoln's treatment plant. The projected General Fund net budget is 3.1 percent higher than the total for the current fiscal year, while the Public Safety Fund net budget is expected to be 1.8 percent higher. Capital and infrastructure funding is projected to increase by approximately $69 million, or 45 percent.

During the June 3 meeting, board members approved allocating unassigned carryover funds from the 2013-14 budget to the new fiscal year for three purposes:
* Increasing county General Fund reserves,
* Helping fund high-priority infrastructure projects, and
* Funding other priorities identified by the board.

"We're proceeding with cautious optimism," explained Andy Heath, the county's deputy county executive officer for finance, administration and budget.

He told board members that reasons for optimism include several positive revenue trends: property values are on the upswing, sales tax collections continue to improve, development activity is up modestly and unemployment is dropping. Offsetting trends include rising pension and health care costs.

Heath emphasized that the proposed 2014-15 budget builds upon several accomplishments during the current fiscal year:
* A phased opening of the county's new adult jail at the Bill Santucci Justice Center in Roseville.
* An upgrade in the county's general credit rating to AA+ that resulted from a credit review by Standard & Poor's. The firm conducted the credit review when the county refinanced certificates of participation originally issued to help finance construction of buildings in North Auburn and Roseville. Heath noted that Placer County has one of the highest general credit ratings among the state's 58 counties.
* Progress on planning and funding infrastructure and other capital projects.
* A continued focus on budget priorities and communication with the public.
* Progress in the county's phased transition to priority-based budgeting. 

Priority-based budgeting is an approach that seeks to increase transparency in the budget process while helping ensure county resources are allocated based on board and public priorities. The county also has introduced a multi-year budget framework focused on balancing county priorities with available resources while assuring costs of county programs can be sustained in future years.





Placer County News Headlines

Campgrounds Open Along Middle Fork of American RiverAUBURN, Calif. - With the arrival of Memorial Day weekend, the United States Forest Service has announced the opening of campgrounds at French Meadows and Hell Hole Reservoirs

Roseville Flash Crime Report (5.26.17)Roseville, CA- Summary digest of Roseville Police selected activity log covering the period of May 19- 26, 2017.

2017 Acura MDX: classy and versatileRoseville, CA- Now in its eighth year of production by Honda's luxury division, the 2017 Acura MDX is a midsize luxury crossover SUV that is appealing for a variety of reasons.

2017 PlacerArts Summer Concert SeriesAuburn, CA- The annual and free Auburn Summer Concert Series returns for another season beginning June 11, 2017

Affordable Housing Fee Workshops in Auburn and Kings BeachAUBURN, Calif. -- Placer County has scheduled two housing fee study workshops in June, one in Kings Beach and another in Auburn

USA Fastpitch Competition in South Placer County this JuneRocklin, CA --USA Fastpitch is coming to Roseville, Lincoln and Rocklin June 2-4 for three days of softball competition.

City of Roseville's $507 Million Proposed Operating BudgetRoseville, CA- The City of Roseville's proposed operating budget for Fiscal Year 2017-2018 is available for review

San Juan Water District Receives Excellence in Financial Reporting AwardGranite Bay, Calif. - The Government Finance Officers Association of the United States and Canada awarded the San Juan Water District

Sports Stars Join Rocklin Golf Fundraiser at Whitney OaksHall of Famer Willie Brown, Jim Plunkett, Daryle Lamonica, Charles Woodson, Phil Villapiano, Rod Martin and several more Oakland Raiders headline a dazzling field

Silversun Pickups Summer Tour with Third Eye BlindFollowing their upcoming BottleRock Napa Valley performance, this summer, Silversun Pickups will embark on a 30-date amphitheater tour opening for Third Eye Blind. The "Summer Gods" Tour celebrates Third Eye Blind's 20th anniversary

Garland Ranch Regional Park: Tranquility in Monterey CountyCarmel Valley, California - The "granddaddy" of the Monterey Peninsula Regional Park District, Garland Ranch is a fine elder statesman of parks.

Roseville Firefighters Union Blast City's Proposed Staffing CutsRoseville, Calif. - With rising temperatures and fire season upon us, city leaders in Roseville have proposed drastic staffing cuts to the Roseville Fire Department


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