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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

American River Project: Water Transfer ApprovedDrought Watch: At the May 21 meeting of the Placer County Water Agency (PCWA) Board of Directors, the Board approved a resolution authorizing the release of 12,000 acre-feet

Granite Bay Cuts Water Use 32 PercentDrought Watch: Customers in San Juan Water District's retail service area reduced their water use by 32 percent in April compared to 2013.

When 20 Billion Gallons of Water Savings is Not EnoughDrought Watch: Even though customers from 19 Sacramento-area water agencies have saved more than 20 billion gallons

$900,000 Window Project: Placer County Courthouse AuburnWork is under way on a construction project that will restore and repair aging windows at Placer County's Historic Courthouse in Auburn.

Squaw Valley High Profile Development ProposedA proposed high-profile project is in the works that would transform 94 acres in Squaw Valley into a development offering numerous resort residential options and amenities

Auburn Library Opens with Flooring Project CompletionThe Auburn branch of the Placer County Library has been closed since May 1

Kaiser Permanente Roseville Honors Fallen for Memorial DayKaiser Permanente Roseville Medical Center held a special ceremony yesterday honoring the memories of all who have died on behalf of our country

Raley's and iFoster Launch Foster Youth Hiring Program iFoster has partnered with Raley's Family of Fine Stores to develop a new hiring program for foster youth.

Auburn Non-Profit Above All Adventures Utilizes IndiegogoIn Placer County, 13 is the average age for first time alcohol and illegal prescription use, and binge drinking increases threefold between 9th and 11th graders

5 Skills Adolescents Need for a Successful and Satisfying Life"During the physical, emotional and intellectual explosions of the adolescent years, it's critical that teenagers develop a belief in their own ability to succeed

Kidney Cancer Secrets Revealed?An international team of scientists, led by UC Davis nephrologist Robert Weiss, have used a sophisticated combination of proteomics and metabolomics to show how

Autism Speaks Walk at River Cats StadiumWalk Now for Autism Speaks takes place at River Cats Stadium on May 31, 2015. ( via ATOU Cares.org)


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