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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

Roseville Man Arrested in House Party RobberyBrent Leo Alan Mason, age 19 of Roseville, was arrested without incident at an apartment complex in Rocklin

Pink By The Pool September 17th at Thunder Valley CasinoThe Placer Breast Cancer Foundation is hosting the annual Pink By The Pool fundraising event, Thursday, Sept. 17 at Thunder Valley Casino.

Feed My Starving Children Dinner in Roseville September 12thROSEVILLE - The annual Feed My Starving Children dinner on Sept. 12th will help raise money to pack meals for malnourished children around the world

O2 breathe Walk in Roseville set for October 10thO2 breathe fundraising Walk, benefiting the Pulmonary Hypertension Association on Saturday, October 10, 2015 at Maidu Park in Roseville.

Roseville Gas Price Battle: Costco vs. Sam's ClubRoseville, CA - Roseville gas prices continue to drop bringing welcome relief to motorists. The price war between Costco and Sam's Club in Roseville continues to benefit consumers

California Fire Updates Summary (8-29-15)California Fire Updates 2015: Although 6,300 firefighters remain on the lines battling 13 active wildfires, crews made significant progress over the past couple of days.

Retired Navy Captain Assists Returning VetsTom Mayhew was only 6 when he watched his father march his mother down the hall of their El Paso, Texas, home with a rifle pointed at her back.

Toyota Highlander continues to shine as midsize SUVOne of the most highly-rated midsize sport utility vehicles is the Toyota Highlander, a sensible, well designed crossover.

WJU Gala to Honor Four Esteemed AlumniROCKLIN, Calif. - William Jessup University will honor four esteemed alumni who are excelling in their respective fields of endeavor at its annual Jessup Gala

California Fire Update Summary (8-28-15)California Fire Updates 2015: A Red Flag Warning has been issued for Saturday from the Lake Tahoe region south through Mono County for high winds, increasing fire danger

Hacker Lab Jumpstarts Pursuit of Virtual RealityROCKLIN, CA--When three Sierra College students attended the July 24 Virtual Reality meet-up at Hacker Lab in Rocklin, they had no idea it would put them on the fast track

Sierra College Patrons to Meet September 8thRocklin, CA - The Patrons, a volunteer support group of the Sierra College Foundation, invite the public and those interested in becoming members of the organization


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