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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. Staff recommended recognizing $3.25 million in unanticipated interest earnings and designating those funds to cover increased medical-malpractice premiums and litigation costs. He also outlined capital requests: a lawnmower for General Services, three vehicles for the public defender's office, and two transport buses for the sheriff to replace aging fleet vehicles.
Britt warned of operational pressures including state and federal budget uncertainty and ongoing delays in FEMA reimbursements for 2023 road repairs. He emphasized conservative revenue forecasting and limited backfilling of state-mandated programs. After discussion, the board approved the midyear report, personnel resolution, capital additions, recognition and use of unanticipated revenues, and authorized the auditor-controller-tax collector with CEO concurrence to process budget adjustments; the motion passed 5-0.
Board members thanked staff for the work and emphasized continued careful fiscal management as the county prepares the FY26-27 budget.
