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Mid‑year budget: CAO reports improved 2024‑25 position but 2025‑26 structural deficit remains; Board approves CAO plan
Summary
CAO staff reported a reduced 2024‑25 deficit but projected a $12.4 million structural shortfall in 2025‑26; the Board approved CAO budget parameters including status‑quo general fund allocations, a $5 million labor contingency and using retirement fund balance to smooth pension costs.
Humboldt County officials on Feb. 4 reviewed mid‑year fiscal results for 2024‑25 and an outlook for 2025‑26. Deputy CAO Jessica Maciel told the Board the county’s mid‑year view showed an improved 2024‑25 position compared with the adopted budget, but staff project a structural shortfall in 2025‑26 that requires constrained spending.
Why it matters: the mid‑year review sets assumptions for next year’s budget and identifies near‑term actions the county should take to avoid running out of general fund balance. The CAO recommended parameters that the board adopted in order to preserve fund balance for the 2025‑26 budget year.
Highlights from the CAO presentation and recommended package: • Mid‑year improvement for 2024‑25. Staff reported that estimated net general fund expenditures exceed revenues by about $20.3 million through June 30,…
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