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County projects FY26‑27 general fund gap of about $7.5M; staff urges continued rebalancing and resiliency work
Summary
County executive office presented a multi‑year fiscal forecast projecting a baseline FY26‑27 general fund gap of roughly $7.5 million (range $4M–$11M). Staff emphasized revenue sensitivity, the need for budget balancing strategies, and continued implementation of the financial rebalancing and resiliency initiative.
The San Luis Obispo County executive office presented a multi‑year financial forecast to the Board of Supervisors on Nov. 4 that estimates a baseline FY2026‑27 general fund shortfall of approximately $7.5 million, with a plausible range between $4 million and $11 million depending on key assumptions.
Lisa Howe, budget analyst, told the board the forecast incorporates known increases (including negotiated labor costs and step increases) plus an assumed 6 percent vacancy rate so that departments can plan. The forecast treats the upcoming fiscal year as a status‑quo baseline, excluding…
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