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Washoe County managers warn of structural budget gap despite one-time FY25 gains
Summary
Officials told the Board of County Commissioners the county closed FY25 with a clean audit and a modest net fund-balance gain, but projected five-year forecasts show personnel, PERS and benefit costs growing faster than recurring revenues, producing a structural deficit that will require prioritization and efficiency measures.
Washoe County officials presented a sobering budget outlook during a Feb. 3 workshop, saying the county ended fiscal year 2025 with a clean audit and a net $2.5 million addition to fund balance but faces a widening structural gap unless recurring revenues or policy choices change.
Comptroller Kathy Hill said the independent audit concluded FY25 with an unmodified opinion and that the net $2.5 million addition excludes unrealized investment gains. ‘‘We did successfully complete FY25 with a clean audit opinion,’’ Hill said, and flagged several near-term pressures: an expected hit from a recent heart-and-lung legislative change that could increase claims obligations, persistent health-benefit premium pressures and a roads fund that…
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