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Board accepts midyear budget report, recognizes $3.25 million in unanticipated interest earnings
Summary
County administrative staff told the Board of Supervisors that sales-tax revenue is softening but interest earnings offset some losses; the board approved the midyear report, capital asset requests and recognition of $3.25 million in unanticipated interest revenue to cover medical-malpractice premiums and litigation costs.
Jason Britt, County Administrative Officer, presented the midyear budget report for fiscal year 2025-26, summarizing revenues, risks and proposed adjustments at the March 17 Tulare County Board meeting.
Britt said sales and use tax receipts have softened since pandemic peaks while assessed-value property-tax trends remain favorable.…
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