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Board adopts budget policy updates and timeline after five-year forecast presentation
Summary
Consultant Russ Branson presented a five-year general fund forecast showing baseline stability but caution on several revenue risks; the board adopted updated budget policies (including a vacancy factor and clarified reserve buckets) and a budget-development timeline for FY 2025-26.
A five-year financial forecast presented to the Mono County Board of Supervisors on Jan. 21 showed the county—s general fund in a stable position under baseline assumptions but exposed to several revenue risks, particularly state Vehicle License Fee (VLF) in-lieu payments and property-tax growth.
Consultant Russ Branson and county staff told the board the county—s mix of revenues and expenses means a reasonable baseline will maintain service levels, but changes to key assumptions could significantly change outcomes. After the presentation the board adopted updated budget policies, including a revenue projection methodology and a vacancy factor for budgeting, and approved the FY 2025-26 budget timeline.
Why it matters: Mono County relies heavily on property tax (roughly two-thirds…
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