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County forecast flags rising insurance and fire costs, recommends planning for long-term capital funding
Summary
County financial staff told the Board of Supervisors Feb. 25 that rising insurance costs, planned capital transfers and growing fire fund subsidies will exert steady downward pressure on the countys general fund, and they urged the board to consider new long-term funding options.
County staff presented a five-year general fund revenue and expenditure forecast and a draft five-year capital improvement plan Feb. 25, and they warned of growing pressures on the countys discretionary finances from rapidly rising insurance costs, ongoing capital transfers and growing subsidies for fire operations.
Daniel Sanchez, who presented the general fund forecast, told supervisors that Napa Countys largest revenue source, secured property tax, remains stable and projected to grow conservatively, but that other areas are less certain. Sanchez…
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