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Preliminary FY2728FY28 budget preview flags assessor reappraisal, housing pilot and capital asks
Summary
Finance staff presented a preliminary two-year budget on May 5 showing projected GRT growth, a target FY27 surplus of roughly $5.7 million and several large requests: an assessor reappraisal (RFI cost 2.5to7.5 million), a proposed $2 million housing pilot, and multiple capital and vehicle requests that exceed the near-term surplus.
Doa1a Ana County finance staff presented preliminary revenue and expenditure forecasts for FY27 and FY28, alongside department requests and capital carryovers. The key takeaways:
- Revenues and reserves: Staff assume 6% GRT growth for FY27 and 7% for FY28 and project a preliminary FY27 adjusted surplus of about $5.7 million after restricted funds and one-time items. Cash reserves remain above the state-required minimum and currently exceed roughly four to six months of expenditures depending on which items are considered unrestricted.…
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