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Clatsop County projects balanced budget, plans enterprise-zone update; hospital BRIC award canceled
Summary
County Manager and finance staff told commissioners the draft budget is balanced with a projected 38% fund balance; staff will propose an enterprise-zone boundary update by June 30 and reported the county's BRIC resiliency grant for the hospital was canceled.
The county manager, finance staff and department directors briefed the Board of Commissioners on the fiscal outlook and related operational items.
At a high level, county staff said next year’s budget is forecast to balance revenues and expenditures without drawing on fund balance. The county expects to hold about a 38% fund balance (the board’s target is 30%, minimum 20%). The county manager said that, because of ongoing uncertainty around inflation, transient lodging tax and timber revenues, staff have drafted a conservative budget and made some reductions largely through attrition and one‑time spending cuts.
“We have put together…
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