In a recent government meeting, officials presented a detailed overview of the county's operating revenues and expenditures, highlighting key financial trends and allocations for the upcoming fiscal year.

The county's total operating revenues exceed $600 million, with nearly 40% derived from federal and state sources, predominantly funding Health and Human Services, which received approximately $363 million. Taxes contribute 28% of the revenue, amounting to nearly $450 million, encompassing property taxes, sales tax, transient occupancy tax, and cannabis tax revenues. Charges for services account for 25% of the total.

The County's general fund is projected to receive about $569 million, representing 35% of total revenues. Of this, approximately $381 million is classified as discretionary general revenue, which allows for greater flexibility in allocation. However, this discretionary revenue has only seen a modest increase of 2.5% from the previous fiscal year, attributed to slower growth in property and sales taxes.

A breakdown of discretionary revenue sources indicates that property taxes will constitute 79% of this category in fiscal year 2024-2025, while sales and transient occupancy taxes remain stable at around 4-5%. Cannabis tax revenue is expected to decline slightly from 2% to 1.6%.

On the expenditure side, the county's operating budget totals $1.6 billion, with salary and benefits representing the largest expense at $825 million, or 51.7% of the budget. Health and Human Services and Public Safety are identified as the two largest functional groups in terms of budget allocation. Notably, salary and benefit costs have surged by 25% since the fiscal year 2021, primarily driven by a $100 million increase in salaries.

Looking ahead, the county anticipates a 5% growth in salary and benefits for the next fiscal year, which includes a projected 3% salary increase for various bargaining groups currently in negotiations. Staffing levels are expected to rise, particularly in social services, while public safety will see increases funded by external grants.

This financial overview underscores the county's ongoing commitment to essential services while navigating the challenges of revenue growth and expenditure management.