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Placer County adopts $1.525 billion budget with $1.5 million for affordable housing
Summary
The Placer County Board of Supervisors adopted the fiscal year 2026–27 balanced budget totaling roughly $1.525 billion, retaining a $1.5 million contribution for affordable housing and $1.5 million for open-space acquisition. The vote passed with one abstention.
The Placer County Board of Supervisors on June 30 adopted a balanced fiscal year 2026–27 budget of roughly $1.525 billion that county staff described as “the most transparent budget year” in recent cycles.
County Budget and Fiscal Officer Daniel Vick told the board the recommended budget holds governmental funds at about $1.525 billion and proprietary funds at roughly $207 million. Vick said the largest revenue categories are transfers and intergovernmental receipts, and that planned capital spending includes about $146.5 million for roads and bridges.
In response to repeated requests from housing advocates, the board retained a $1.5 million contribution for affordable‑housing initiatives and kept a $1.5 million set‑aside for open‑space acquisitions. Public speakers urged a larger annual housing allocation; Jamis LaRue of First 5 Placer asked the board to consider a $10–$15 million annual set‑aside to close financing gaps for low‑ and very‑low‑income projects.
Vick said the recommended budget funds 2,978 positions countywide and estimates general‑fund reserves using projected year‑end balances; staff will return with quarter‑one amendments to reflect any direction the board provides. The motion to adopt passed on a roll‑call vote with Supervisor DeMatte abstaining and all other supervisors voting yes.
The county also plans to publish a budget transparency website with live data in the coming weeks, Vick said, and will return to the board with any proposed adjustments during the fiscal year.
