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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

South Yuba River State Park: Summer CooldownSouth Yuba River State Park provides a scenic adventure and summer escape with pricing that's hard to beat.

Estate Planning Workshop in Granite Bay June 2Roseville, CA- Come out for an informative seminar with Bill Walker to learn how about smart estate planning on Thursday, June 2, 2016.

Roseville Ride: Miner's Ravine Trail Roseville, CA- A great place to go solo or bring the family, Miner's Ravine Trail offers a great escape for those looking to get away without the hassle or cost of a more time consuming adventure.

3 Arrested in West Roseville Vehicle TheftsRoseville, CA- Kevin Patrick McFarland, Maksim Mishchenko, and Stanislav M. Taran, were arrested on suspicion of stealing from numerous vehicles in Roseville.

Annual Marysville Stampede Memorial Day WeekendMarysville, CA- An annual celebration of California Western and rodeo heritage, in the heart of California's cowboy country, the 83rd Annual Marysville Stampede

Downtown Woodland: Unexpected TreasureWoodland, CA- On a recent Sunday afternoon, I grabbed my wife and headed off on a rather short drive to Woodland to catch an afternoon show at the Blue Note Brewing Company.

Roseville Flash Crime Report (5.23.16)Roseville police crime report digest update for May 23, 2016.

Local Team Wins Spirit CUP at SMUD Solar RegattaRocklin, CA- The Sierra College Solar Energy program Team competed last Saturday May 14th in the Northern California SMUD Solar Regatta

Roseville Area Organization Helps Guardian Scholars ProgramRoseville, CA- Sierra College Guardian Scholars Program thanks the ALPHA DELTA KAPPA Organization for their generous donation to our Former Foster Youth

Placer County Water Agency Master Plan UpdateAUBURN, Calif. - At its May 19 meeting, the Placer County Water Agency (PCWA) Board of Directors received an update on the PCWA County-wide Master Plan.

Subaru BRZ: Reasonably priced old-school sports carRoseville, CA - For driving enthusiasts who want to own a light, agile car that provides an elusive fun factor while also looking cool, the smartly designed Subaru BRZ deserves a good look.

Roseville Gas Prices See DropRoseville, CA - While regional gas prices appear to have held steady, some gas station in Roseville are reporting a downward tick in prices.


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