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Finance committee says audits are current priority as sheriff contract squeezes reserves
Summary
Finance committee chair George Savage told the Portola Valley Town Council the town has a balanced budget but faces a longer‑term structural deficit driven largely by rising costs in the sheriff public‑safety contract; the committee prioritized clearing an audit backlog and shoring reserves in 2026.
George Savage, chair of the Portola Valley Finance and Audit Committee, told the Town Council the committee’s top immediate priority is completing delayed independent audits and correcting accounting categorization errors that accumulated during the pandemic. “Thanks primarily to Tony’s diligent work, we now have a balanced budget,” Savage said, adding that corrected bookkeeping should let subsequent audits proceed quickly.
Savage listed three objectives for 2026: finish the outstanding audits, continue tight budget…
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