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HomeMy WebLinkAboutWORKSHOP re 2026 Budget Goals PresentationJuly 14, 2025 Workshop JOSH PETERS, COUNTY ADMINISTRATOR JUDY SHEPHERD, FINANCE DIRECTOR Workshop Topics BUDGET GOALS AND OBJECTIVES PREVIEW. ROADS BUDGET WITH DIVERSIFYING REVENUE. LAW AND JUSTICE WITH DIVERSIFYING REVENUE Budget Goals & Objectives Preview 8,000,000 6,000,000 4,000,000 2,000,000 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 2024 2025 2026 2027 2028 2029 GENERAL FUND 5 -YR PROJECTION Ending Fund Balance Recommended Reserves: 15% of Expenditures Unreserved Fund Balance Revenue vs Expenditures Budget Goals & Objectives Preview When everything is a priority, nothing is a priority. ▪Non-Discretionary vs. Discretionary -Differentiate between non-discretionary and discretionary expenditures. No Increase for Discretionary Expenditures ▪Hiring Freeze –No new positions, Re-hire positions are reviewed by County Administrator, Finance Director and HR Director. ▪All Funds: Salaries & Benefits =$19M / 26.7% of total budget ▪GF: Salaries & Benefits = $17M / 54.8% of total budget ▪Capital Expenditure Approval Process ▪Operating Transfers Set to Zero (except where required by RCW or JC Ordinance) –General Fund Assistance Policy will be required to be completed by each fund requesting any operating transfer. Law & Justice Diversifying Revenue HB 2015 Improving public safety funding by providing resources to local governments and state and local criminal justice agencies, and authorizing a local option tax. By June 30, 2028, the legislative authority of a city or county may approve a sales and use tax of 0.1 percent. If enacted by the BoCC,the monies from this tax must be used for criminal justice purposes such as: ▪domestic violence services ▪staffing adequate public defenders ▪diversion programs ▪others Roads Budget with Revenue Diversity Roads Budget with Revenue Diversity Roads Budget with Revenue Diversity Ballot Measure for Election November 2025 TBD Two tenths of one-percent BoCC Ballot Decision Deadline 8/4/2025 C O N C L U S I O N What are the Board’s budget priorities for 2026? Does the Board want staff to prepare for the ballot measure of 2/10 of one percent sales tax for the TBD to diversify revenue for the Roads fund? Does the Board want to take councilmanic action in the near future to initiate the 1/10 of one percent for law and justice tax per HB 2015 to ensure additional revenue in 2026 Annual Budget?