Yellow Pages |   News Updates |   Local Jobs |   Events Calendar |   Movie Times |
Rocklin and Roseville Today Local Events Calendar
    (Independent and Locally Owned)
 

$792 Million Budget Approved by Placer County Supervisors


Share It.




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.






more news Print This Article


Placer County News Headlines

California Housing Market: 2015 ForecastRealtor, Julie Jalone of MagnumOne Realty in Roseville, writes about the recent housing forecast or 2015 released by the California Association or Realtors and where the market is currently.

3 Killed, Alcohol Suspected in Deadly Sacramento CrashOn October 23, 2014 at approximately 2:24 p.m., an unknown male driver was driving a 2008 Chevrolet Tahoe on Howe Ave north of Burney Way at an unknown speed.

Nissan Rogue Features Many Enviable ChangesIn effort to attract more male buyers, Nissan reportedly decided to alter the exterior look of the Rogue in its 2014 redesign. Not a bad move. Most men don't

New Nursing Village Ribbon Cutting in RocklinRocklin, CA- Sierra College welcomed their long-running Nursing Program back to the Rocklin campus with a recent Ribbon Cutting ceremony.

Placer County Woman Dies: West Nile Virus ConfirmedPlacer County health officials are able to confirm that an Ophir woman, who passed away earlier this month, did indeed have West Nile Virus (WNV).

3 Teens Arrested in Burglary and Vandalism of Country ClubA Placer County Sheriff's detective apprehended three juveniles Thursday in connection with recent burglaries and acts of vandalism at the Auburn Valley Country Club.

Roseville Author Releases New Book NationwideROSEVILLE, Calif. - The new book "Resonance," a stimulating new book by Roseville author Emily Elaine is now available nationwide.

Genderally Speaking LGBTQ Exhibition in RocklinRocklin, CA--The Ridley Gallery presents "Genderally Speaking", photography by Ron Williams in conjunction with Sierra College Pride Days (November 4-6).

Rocklin History Series Presents Julia Morgan's GoldThe Rocklin History Series continues on November 16, 2014 with a live presentation by Julia Morgan Historian Karen McNeill Ph.D. at 2 pm at the beautiful Old Saint Mary's Chapel

Free Identity Theft Prevention Class in AuburnThe Placer County Sheriff's Office is offering a free identity theft prevention class on Monday, October 27, from 6 to 8 p.m. at the Auburn Justice Center.

Loomis Students to Learn About Pediatric Iron Lung for World Polio DayIn recognition of World Polio Day, Rotary Club of Sunset Loomis will bring a pediatric iron lung to Loomis Grammar School and Loomis Basin Charter School

Esteemed Roseville Historian DiesLeonard "Duke" Davis, considered by many the foremost authority on the history of Roseville, passed away on Friday, October 10.




more news

Featured Yellow Pages Categories

Auto

Business

Health and Fitness

Home Improvement and Services