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Assessor, auditor and CAO warn of inflation and property‑tax volatility as county plans priorities
Summary
County leaders told supervisors that although property-tax growth has been strong in recent years, inflation, rising labor costs and potential property‑value corrections could reduce future revenue; staff were asked to include fiscal resilience and pension strategies in SMART goals.
San Joaquin County officials used the retreat to flag fiscal volatility and the potential budgetary implications for the next three years, urging the board to fold fiscal resilience into the new strategic priorities.
The county’s recorder/assessor reported robust property‑tax growth — "6 year of straight property tax growth last year was ... 6.73%" — and projected growth near 6% for the coming…
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