Placer County Budget at a Glance
If you're looking for an overview of Placer County's budget for 2019-2020 you've come to the right place. On this page you'll learn:
- What is Placer County’s economic outlook?
- What are the county’s service and fiscal priorities?
- How can I get involved in the budget process?
Placer County’s Economic Outlook
The county’s spending plan balances long-term fiscal health with the strategic allocation of one-time funding sources. As economic conditions continue to improve, modest growth in revenues has been projected in the county’s financial models and incorporated into the final budget.
Property tax, the county’s largest discretionary revenue source, continues to trend upward as property values increase. Sales taxes, transient occupancy “hotel” taxes, and other revenue sources tied to the economy also continue to improve; however, growth of those revenues in future years is expected to soften as financial experts contemplate the potential for an economic slowdown following the aggressive post-recession recovery.
Forest Management is a Budget Priority
Forest management is a significant priority for Placer County. That’s why the Board of Supervisors has declared a local emergency due to thousands of dead and dying trees that threaten county facilities like roads and parks. Known throughout California as the “tree mortality crisis,” Placer County budgeted $6 million in the FY19/20 budget to help reduce risks from these hazard trees, which could harm residents and infrastructure if left to fall. Removing dead trees will also help to reduce fuel for wildfires, while improving forest health.
The FY19/20 budget includes funding for capital improvement projects such as new facility construction and road and bridge improvements. Some of the budget highlights include:
|Project||FY 2019-20||FY 2020-21|
|Bowman Road Bridge Rehabilitation||$4,070,000||-|
|Speedboat Beach Improvements||$250,480||-|
|Walerga Road Bridge||$20,000,000||$12,000,000|
|Tree Mortality Project||$6,000,000||$5,500,000|
|Dowd Road at Markham Ravine Bridge||$4,000,000||-|
|Gold Hill Bridge Replacement||$2,800,000||-|
|Penryn Road Bridge on Secret Ravine||$2,700,000||-|
|HHSA Admin Building||-||$18,600,000|
|Acute Mental Health Facility (SB863)||-||$4,217,247|
|Medium Housing/Vocational Training (SB844)||-||$5,420,827|
|Placer Parkway Phase I||$3,500,000||$4,000,000|
|Watt Avenue @ Dry Creek Bridge Replacement||$1,000,000||$2,000,000|
|Bell Road Roundabouts @ I-80||$2,000,000||$1,500,000|
|Yankee Jims Bridge over N. Fork American River||$3,000,000||$3,000,000|
|Memorial Overland Emigrant Trail, Phase 1||$445,324||-|
Placer County General Fund Budget
The FY 2019-20 budget for the Placer County General Fund is balanced and totals approximately $364.1 million. The following is a breakdown of revenues and expenditures by category.
Financing Sources By Category
Financing Uses By Category
To ensure financial resiliency, the county contributes annually to its General Fund Balance. The target is to maintain a minimum 5% reserve to ensure all obligations are met and to cover unanticipated costs. To date, the county’s economic outlook is stable.
The County Executive Officer works with departments to develop the budget each year to deliver recommendations for review, discussion and final approval by the Board of Supervisors. The process is designed to be transparent and encourage the public’s participation.
In May, the Board of Supervisors holds a public hearing to take input from the community. The public is encouraged to be part of the process by attending budget workshops and providing public comment throughout the process.
In June, the Board of Supervisors will adopt a final budget prior to the start of the fiscal year which begins on July 1. The final budget is published by the County Executive Office and available online at www.placer.ca.gov/budget.
Setting Goals and Achieving Success
In April 2018, the Board of Supervisors and county leaders held a series of workshops to begin building the foundation for a comprehensive strategic plan to guide the county. The working group identified nine critical success factors required to achieve the county’s overall goal of delivering excellent service to county residents.
Critical Success Factors
- Strategic Relationships and Community Engagement
- Diversity of Achievable Housing Throughout the County
- Collaborative Health and Human Services
- Public-Serving Infrastructure
- Outcome-Focused Economic Development Strategies
- Prudent, All-Inclusive Financial Planning
- Comprehensive Public Safety Services
- Innovative, Implementation-Focused, Integrated County Services
- Land-Use Planning and Environmental Stewardship
“A County known for providing exceptional local and regional leadership, works in partnership with the community to develop creative solutions to the diverse issues facing our region, and bestows to current and future generations even better communities in which to live, raise families, work, vacation and conduct business.”
“To provide responsive, efficient and effective public services that promote the health, safety, well-being and prosperity of our citizens while protecting our environmental resources and preserving the rich heritage of our region.”