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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 City School District Honors Teachers of the Year(Roseville, CA) - The Roseville City School District (RCSD) recently announced their Teachers of the Year. Heidi Polewaczyk and Michael Larsen have been selected

Roseville Gas Prices Throttling HigherRoseville, CA- A quick look around Roseville had motorists noticing gas prices trending upward. Prices in Roseville have pushed past the $3 mark

IHOP Pancake Drive-thru Benefits UC Davis Children's Hospital(SACRAMENTO, Calif.) - On Monday, Feb. 26, pancake lovers can drive through, eat their fill of short-stack pancakes and make a donation to support sick and injured children at UC Davis Children's Hospital

Wild Bill's 16th annual Tattoo-a-thon Feb. 24th(SACRAMENTO, Calif.) - Wild Bill's 16th annual Tattoo-a-thon will take place on Saturday, Feb. 24, from 8 a.m. to midnight. Thirty tattoo artists have volunteered to work 16 hours during this year's event and all proceeds

2018 Run Rocklin set for April 8th at Johnson-Springview ParkRocklin, CA,- Thousands of runners and walkers will once again be participating in the morning trek through the city streets at the 15th annual Run Rocklin, held Sunday morning,

WJU Athletic Fundraiser at Topgolf in Roseville in AprilRoseville, CA, - The Jessup Athletic Association will host the second annual TopSwing Fundraising event - a fun gathering, providing golf, games

Raley's Food For Families Food Drive Up 29 PercentWEST SACRAMENTO, Calif. - For more than 140,000 families in communities surrounding Raley's stores, this holiday season was a more fulfilling one. This year's annual Raley's Food For Families

Placer County Child Support Services Ranks Fourth in CaliforniaAuburn, CA,- Placer County Department of Child Support Services ranked fourth out of 49 local child support agencies in California for federal fiscal year 2017.

Toyota RAV4 top-selling compact SUVRoseville, CA,- The 2018 Toyota RAV4 has a reputation for solid versatility because it can haul groceries, carry sports equipment, transport four kids to school, and ease into small parking spaces.

Archery Tournament in Rocklin on Feb. 17Rocklin, CA - The California Department of Fish and Wildlife and Placer Valley Tourism are teaming up to host the second-ever land based archery tournament

Online Safety for Your Children: Social Media, Internet, Cell Phone AppsRoseville, CA- Facebook, Twitter, Instagram, Snapchat, Flickr, Vimeo. Is your child engaging in these social media websites?

New Chief Of Pediatric Cardiology at UC Davis Children's Hospital(SACRAMENTO, Calif.) - Frank Ing, an internationally renowned interventional cardiologist, has been named chief of the UC Davis Division of Pediatric Cardiology.


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