Staff warns state property-tax changes could create FY28 shortfall
A county staff member told supervisors that recent state actions to stop reimbursing homestead credits could create a budget gap that the 2% revenue growth cap cannot fill, prompting caution about approving operating amendments for FY28.
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At the work session, a staff member told supervisors that changes in state property-tax policy will materially affect the county's FY28 operating budget. "You hear a lot of talk about the cap on the 2 percent revenue growth, but probably the bigger problem ... is the state deciding to stop reimbursing counties and cities ... for the homestead credits because that is going to create a hole in our budget and the 2% can't fill that," the staff member said.
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