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NCPRD budget update: staff project multi-year shortfalls, one-time revenue and fee changes noted
Summary
Finance staff told the DAC that operating costs are rising faster than property-tax revenue; the district required $1.5 million in reductions this year and projects an approximate $400,000 gap next year, and staff are considering fee increases, program reductions and use of one-time capital proceeds.
Finance Supervisor Kelly Guttner presented a fiscal update to the District Advisory Committee March 11, detailing operating and capital funding, recent one-time land-sale proceeds and planned cost-management actions to address structural deficits.
Guttner said NCPRD’s budget is organized into operating and non-operating categories, with operating expenses totaling about $11,800,000 and non-operating (capital) totaling about $31,000,000. She told the committee overall revenues are projected to…
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