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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

John Adams Academy Finalizes Purchase of Campus in RosevilleRoseville, CA - Officials from John Adams Academy (JAA) charter school in Roseville announced today they have finalized the purchase of the former Heald College building

Placer County Foster Children in Need of Mentor VolunteersChild Advocates of Placer County is currently in need of 30 new volunteers to become Court Appointed Special Advocates (CASA) or Mentors

50 Days of the Grateful Dead: Lady with a FanWe're like licorice. Not everybody likes licorice, but the people who like licorice really like licorice." ~ Jerry Garcia

Dots and dashes changed Zachary Barnum's lifeThis 17-year-old resident of Fredericksburg, Virginia, who is legally blind in one eye due to optic nerve hypoplasia and has a form of bipolar disorder (ATOU Cares.org)

Dry Lightning Boosts Northern California Fire RiskDrought Watch: CAL FIRE has increased staffing due to forecasted dry lightning and strong winds throughout much of northern California

California Senate Committee Kills Sex Offender Bill SB54Senator Sharon Runner (R-Antelope Valley) announced her legislation to make sex-offender residency restrictions more workable

Fireworks Safety Tips this Fourth of JulyWith the Independence Day holiday rapidly approaching, CAL FIRE is reminding all Californians and visitors to do their part to prevent fires caused by illegal fireworks

California Lowers Excise Tax Rate on GasState Board of Equalization Vice Chair George Runner announced that California's excise tax on gasoline will decrease by six cents per gallon

Placer County Water Agency UpdatesAUBURN, Calif. - Recessing from their June 25, 2015 Board meeting, the Placer County Water Agency (PCWA) Board of Directors

Attempts to change Proposition 13 are misguidedThere's been no shortage of attempts in recent years in the State Legislature to overhaul Proposition 13-California's landmark initiative protecting homeowners and small business owners

50 Days of the Grateful Dead: Truckin' at Levi's StadiumTruckin' opens the Fare Thee Well Run in Santa Clara, CA at Levi's Stadium on June 27, 2015. Full setlist.

Gruesome Murders in Roseville Under InvestigationThe two men found shot and burning in Roseville Thursday night have died and the Placer County Sheriff's Office is asking for the public's help in solving this heinous crime.


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