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Rolling Hills Estates committee hears preliminary budget projections, discusses replacing county building services
Summary
The Finance & Budget Audit Committee received an informational presentation showing a preliminary $93,000 surplus projection and slower property-tax growth linked to recent landslides; members also discussed an RFP to replace county plan-check services and raised liability and revenue-timing concerns.
The Rolling Hills Estates Finance & Budget Audit Committee received an informational budget kickoff presentation from Robert Samaro, the city's finance operations lead consultant, that projected a preliminary surplus of about $93,000 for next fiscal year and outlined revenue uncertainties driven by recent landslides.
Samaro told the committee the report is “just an informational item” and the first step in the budget process ahead of a formal adoption in May or June. He said staff based next-year estimates on midyear collections and conservative assumptions while planning a third-quarter review to refine numbers.
The consultant outlined three drivers of property-tax growth — the Prop 13 annual assessment cap, supplemental assessments from property sales, and reassessments when properties sell or undergo major improvements — and said reassessments historically produce the largest gains. He said landslides in late September reduced sales and…
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