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County finance briefing: bond closed, ARPA projects near contract completion and property taxes up
Summary
County finance leadership reported a bond sale to fund capital projects, rising property taxes and steady investment returns. Officials briefed supervisors on ARPA spending status, a local revenue bond, reserves, and potential federal funding uncertainty.
County finance staff delivered a fiscal update at the annual governance workshop, reporting that secured property tax revenue is up modestly over prior projections, the county’s treasury investment yields have grown as securities matured at higher rates, and the county recently completed a local revenue bond sale to fund capital projects.
Key numbers: staff reported expected growth in secured property tax receipts and that property and sales taxes together make up roughly 43% of general fund revenue. The treasury reported quarterly investment returns that have increased as maturing securities were…
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