$970.9 million final county budget approved

Published on September 25, 2018

The Placer County Board of Supervisors today approved the county’s final 2018-19 budget of $970.9 million, an increase of 12.1% from the previous year’s budget of $866.2 million.

The board adopted a proposed budget of $939.6 million June 26 for the county’s fiscal year beginning July 1. The final budget reflects updated revenues and costs.

Property taxes, the county’s largest revenue source, continue to trend upwards as property values increase. Sales taxes, transient occupancy taxes and other revenue sources also continue to improve; however, growth from those revenues is expected to soften as financial experts contemplate the potential for an economic slowdown.

One-time budget adjustments for several critical areas were delayed until now to ensure a clear picture of final balances from the last fiscal year. Some of those items included in the final budget are:

  • $2.5 million in funding for the approved Placer County Sheriff’s Office’s new coroner facility as part of the Criminal Justice Master Plan
  • $3.1 million to streamline the county’s personnel and financial systems as part of the Workday project
  • Nearly $1 million toward contingency reserves
  • $500,000 to fund open space acquisition in support of the Placer Legacy Program
  • $500,000 in funding for the county’s Elections Office warehouse.

This budget includes $7.3 million in road maintenance projects funded by revenues from Senate Bill 1. Additionally, the elimination of the In-Home Support Services maintenance effort by California lawmakers has continued to increase the county’s share of the program’s operational costs.

“In the last 10 years, the county’s population has increased 19%, our revenues have increased 11% and our employee workforce has only increased 2%,” said District 4 Supervisor Kirk Uhler. “Clearly our county is trending in the right direction in terms of fiscal responsibility.”

Placer County’s operating budget can be seen anytime.