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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

Monophonics Sure is Funky at TerrapinSan Rafael,CA- As the mercury pushed into the 70's this past Friday, music fans began slowly dancing their way toward Terrapin Crossroads in San Rafael.

Storms Bring Good News for Water SupplyAUBURN, Calif. - Despite a dry start to 2018, storms in late March and early April have produced above-average precipitation in the watersheds that source Placer County Water Agency's

PCF Awards $18,000 in Grants to Promote Civil Discourse(Auburn, Calif.) - Open dialogue and communication are key elements in maintaining a healthy, connected community. To encourage debate, Placer Community Foundation

Dog Abandoned in Roseville under Inhumane CircumstancesRoseville, Calif. - A dog was found abandoned in a corner of the Atlantic Street Pet Emergency Center parking lot under terribly inhumane circumstances

Sun City Roseville Harmonicoots 2018 JamboreeRoseville, CA- This year, the Harmonicoots will honor all women harmonica players throughout the world at their Jamboree-scheduled for Thursday, May 8, 2018

Roseville Gas Prices Hold Steady Past Week Roseville, CA,- Roseville gas prices were relatively flat this past week, but remain at levels pushing near 2014 levels at some locations

Successful Transitions for Young Adults with Neurodevelopmental DisordersSacramento, CA- For many people with disabilities, the excitement of life after high school is accompanied by challenges with finding and receiving the services and supports

Passport Weekend Spectacular Fun in Fair PlayFair Play, CA- California is always full of surprise. This weekend marked our return to El Dorado Wines Passport Weekend.

Growing Weed in Placer County? Rules and ComplianceAuburn, CA - With Placer County's cannabis ordinance now in effect for over a year, county staff will host three drop-in meetings in May to answer questions about rules for cannabis cultivation

2018 Volkswagen SportWagen provides versatilityRoseville, CA,- Versatility is the 2018 Volkswagen SportWagen's main calling card, yet it has other enviable qualities that make it a good choice for car buyers.

Fundraiser in honor of Roseville transplant patientApril is Donate Life Month, but for Roseville resident Jason Crutchley, it's another month spent hoping he will receive a second chance at life.

Construction and Trades Job Fair this SaturdaySacramento, CA- For the fourth year in a row, the North State Building Industry Foundation will hold its annual Skilled Trades Job Fair this Saturday, April 21.


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