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County midyear report shows modest revenue gains but flags HR 1 risks to health system funding
Summary
Riverside County's midyear budget shows a smaller structural deficit and modest revenue gains—driven largely by interest earnings—but county staff warned federal HR 1 could cut health and social service funding, potentially reducing health-system revenue by hundreds of millions and increasing demand on county safety-net programs.
Riverside County finance staff presented a midyear budget update on March 10 showing modest improvements in discretionary revenue and an improved beginning fund balance, but also cautioning that structural pressures remain and federal changes could create significant risks.
The presenter said improved interest earnings and a stronger beginning fund balance cut the county's net structural deficit from $73 million at adoption to an estimated $38 million at midyear. "Discretionary general fund revenue is still not balanced," the presenter said, but noted the county's "just-in-time" funding strategy allowed targeted midyear adjustments while maintaining…
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