Budget Meeting 10_30_COR - Laserfiche WebLink

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2026 Strategic Priorities Net Zero Budget Simulation: Structural Deficit Correction While Finance actively modeled a net zero budget to align ongoing costs with regular revenues—helping to identify inefficiencies, prioritize essential services, and support long-term financial balance—we found that achieving a zero-deficit position in the first year would have caused too great an operational impact. As a result, we recognized the need for a phased approach toward financial equilibrium. Sustainable Personnel Cost Management: 70%+ of Revenue to Staffing With personnel costs now projected to exceed 70% of available General Fund revenue, we recognize the resulting limitation on financial flexibility. Managing staffing growth remains a key area of focus, and continued effort is required to balance staffing levels and compensation with both strategic priorities and long-term financial sustainability. Strategic Space Utilization: Aging Infrastructure, No Replacement Savings Many County facilities have exceeded their intended lifespan, and while there is no clear path for replacement, it remains a Long-term priority. Optimizing existing space through improved allocation, consolidation, and reconfiguration is essential to meet current and future operational needs. The decisions we make today are the beginning of a long journey toward the necessary transitions in divestiture, consolidation, and replacement planning. Maximize Dedicated Reserves: Address Current Pressures, Share Burden Significant progress has been made toward the strategic use of reserves, allowing greater flexibility to address immediate challenges while managing financial impacts over time. Improved visibility and forward planning have led to more efficient utilization of restricted revenues, helping maintain stability and support key transitions without placing undue pressure on the General Fund Budgets.