Thursday, February 09, 2006

Solano County expects $34M in bank

County expects $34M in bank

Solano County is projected to have a healthy $34 million in the bank at the end of this fiscal year, officials reported at Tuesday's meeting of the Board of Supervisors.

That figure doesn't take into account any increased costs that could spring from labor negotiations with county workers or major changes in state funding.

An $800,000 cut proposed by Gov. Arnold Schwarzenegger, for instance, could pull money out of the county's welfare-to-work budget. Michael Johnson, county administrator, said the proposed cut was not included in the county's budget projections for this year because it might not be approved.

Recommended in next year's budget is a continued state cut to the county assessor's office of $480,000.

County officials also discussed the county's long-term plan for financing county building projects.

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