Riverside County recommended budget released, with budget hearings set for June 11
Riverside County’s recommended budget for the fiscal year that begins July 1 has been released and is available for review under the News and Highlights section of the county’s website, www.countyofriverside.us.
Budget hearings begin Monday (June 11) at 8:30 a.m. in the Board of Supervisors meeting chambers, 4080 Lemon St. in Riverside. An approved budget would provide spending authority to begin the fiscal year that commences July 1. Based on direction from the Board of Supervisors during budget hearings, the Executive Office will start building the final fiscal year 2012/13 budget, which is scheduled to be adopted Sept. 11.
The recommended budget establishes about $4.7 billion in appropriations for Riverside County, a decrease of almost 9 percent from fiscal year 2011/12. Countywide revenue is expected to decrease to about $4.4 billion. The difference is backed with fund balance and reserves.
The recommended budget re-affirms a commitment to balancing the budget and preserving reserves that are near critical levels. Toward that end, the budget reduces discretionary spending by about $39 million. Adjustments may be needed in the near future, depending on factors that include state budget actions that affect anticipated revenue streams to the county. With any additional reductions, county managers and staff will have to be even more innovative and efficient to control costs while preserving essential services. The need to streamline operations, however, means some services would be reduced or eliminated.