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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

Sutter Roseville Addresses Patient Care During CNA PicketThe California Nurses Association (CNA) has informed Sutter Roseville Medical Center (SRMC) it will hold an informational picket in front of the medical center on Thursday, March 5

Placer SPCA Reduced Adoption FeesThroughout the month of March, all Lucky St. Catrick's cats have waived adoption fees and all St. Pitty's Day pit bulls have a reduced adoption fee

Lake Tahoe Ski Resorts Get Boost with SnowstormTahoe South launches into spring with more than a foot of fresh powder falling on area ski resorts: Heavenly, Sierra-at-Tahoe and Kirkwood this past weekend

Local Women Recognized at Soroptomist Awards CeremonySoroptimist International of Loomis Basin (SILB) recently presented nearly $5,000 in community awards

50 Days of the Dead: Mission in the RainThe Jerry Garcia Band ripping through a powerful Mission in the Rain from one of our favorite shows.

Roseville Crime Report Digest Update (3.3.15)The Roseville, CA weekly police crime report update for March 3, 2015.

Roseville Thieves Targeting Mail and Catalytic ConvertersRoseville police are reporting an increase in both mail and catalytic converter thefts.

Led Zeppelin in Roseville on March 30thRoseville area residents have the opportunity to see Led Zeppelin on the big screen March 30th at Century Roseville

Vertical Express for Can Do MS Squaw ValleyVertical Express for Can Do MS at Squaw Valley March 14- 15.

California Nut Festival Tickets on Sale March 6thTickets for the 2015 California Nut Festival held in Chico go on sale March 6th.

Ophir Gardens: Safe Water Flows AgainResidents of Ophir Gardens no longer have to worry about having a safe, reliable water supply.

Substitute Teacher Recruitment Fair in Roseville Roseville, CA - Brandman University is hosting a free Substitute Recruitment Fair in Roseville March 5th


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