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Supervisors debate budget timing as state bills could restrict fund‑balance use
Summary
The board debated timing for budget adoption and expressed concern about state bills that would limit use of unassigned general‑fund balances to about 35%; finance staff warned Moody’s considers fund balances below 50% a downgrade risk.
Supervisors spent a sustained portion of the meeting discussing the county budget timetable and the potential effects of state legislation on county fund balances and bond ratings.
A supervisor said a House measure under consideration would restrict counties’ unassigned general-fund balances to roughly 35 percent. Finance staff cited Moody’s commentary noting "a substantial weakening of cash and fund balance below 50" as a factor that can lead to a downgrade, and said the county is educating legislators about how reserves are used locally.
Board members worked through possible dates for a budget work session and agreed to attempt a work session on April 13 at 4:00 p.m. (with Pinecrest Chapel as an alternate location) and to publish the budget hearing for the week of April 20, with the adoption deadline of April 30 in mind. Staff said they would incorporate any consensus changes reached next week into the published notice and that final adoption would follow the public‑hearing process.
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