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Yolo County staff warn of a mounting $27 million shortfall next year; board begins tough budget process
Summary
County finance staff told supervisors the general fund faces a structural deficit that will require a mix of revenue increases and expenditure reductions; initial modeling shows an almost $27 million gap next year and a need for roughly $47 million of structural fixes over five years.
Yolo County officials on Jan. 13 told the Board of Supervisors that the county faces a growing structural budget deficit that will require policy choices on both revenue and spending.
"We are facing what we call a structural budget deficit," Chief Financial Officer Tom Haines said as he opened a presentation on the five-year general fund forecast. Staff projected an expected deficit of almost $27 million in fiscal year 202627 and warned the county will need roughly $47 million in combined revenue increases or expenditure reductions over the next five years to reach structural balance.
The presentation laid out assumptions behind the forecast: 4% annual property-tax growth, a gradual decline in interest earnings, and annual…
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