SLO County facing $2.9 million deficit

October 16, 2012

San Luis Obispo County administrators are forecasting a $2.9 million deficit for the 2013-14 general fund budget, which is in line with previous predictions. [SantaMariaTimes]

At a strategic training session last week, County Administrative Officer Dan Buckshi said that variables could drive the deficit from zero to $5 million.

The budget is based on a number of assumptions including a revenue increase of 1 percent, stagnant employee levels and a 1.5 gain in property values, which would be the largest increase in years.

But the county’s budget does not take into account reductions in grant funding or state budget actions.

Nevertheless, Buckshi said if the county continues with its seven-year financial plan, the gap between income and expenses should reach zero in 2014-15.

 


Loading...

7 Comments

  1. The Gimlet Eye says:

    “Every state is a community of some kind, and every community is established with a view to some good; for mankind always act in order to obtain that which they think good. But, if all communities aim at some good, the state or political community, which is the highest of all, and which embraces all the rest, aims at good in a greater degree than any other, and at the highest good.”

    Aristotle

    I guess the old boy never had a chance to visit SLO.

    (1) 1 Total Votes - 1 up - 0 down
  2. Myself says:

    A loss of property tax monies is also coming from land being taken out of the tax rolls, such as the Fish and Wildlife buying property, the property next to Montana De Oro being picked up, the state park property just north of Cayucosto almost to Harmony, all thes epropertys have been bought up and sold to some state agency for a profit no less, and then taxes are no longer paid on them, you would think thta after a while that someone would wake up and look at this.

    (2) 2 Total Votes - 2 up - 0 down
  3. The Gimlet Eye says:

    Where did the money go? How long have they been operating at a deficit? How are they providing services if they don’t have the money to pay for them?

    “variables could drive the deficit from zero to $5 million.”

    Prima facie evidence that government can’t calculate.

    (14) 20 Total Votes - 17 up - 3 down
  4. r0y says:

    And I could have sworn I heard that most unqualified of mayors, Jan Marx, claim we have a balanced budget and things are just rosey, so keep her and her cronies in…

    Maybe it was just a bad dream. I sure wish someone would pinch me…

    (4) 14 Total Votes - 9 up - 5 down
    • SpeakTruth says:

      Jan Marx, SLO City’s mayor said that about SLO County’s budget? Please clarify.

      (2) 8 Total Votes - 5 up - 3 down
      • womanwhohasbeenthere says:

        Yes she has said the city balanced its budget and has a surplus! What she failed to mention is, the city balanced its budget by raiding its savings! This is not the 20% reserve, it is the money set aside for capital improvement projects such as another fire station and road improvements. That is why none of these things are being built.

        The city is actually in worse shape than the county. At least the county has a plan!

        (7) 7 Total Votes - 7 up - 0 down
  5. Mr. Holly says:

    Balanced by 2014-2015? Do they really think we are that dumb? It’s still pretty simple that you can’t keep spending more than you make. There will be no gains with property tax valuation. They seem to forget that there has been a 30%-40% decrease in property values over the last 7 years. You have to regain those values and then possibly look for the gain after recovering from the 7 year loss.

    (21) 29 Total Votes - 25 up - 4 down

Comments are closed.