Issue 1. Operating budget revenue level and growth lags far behind requested expenditure growth
Issue 2. Capital budget continues to see requests 2-3 times affordable level; debt capacity depleted
- Projections of Revenue for Fiscal Year 2020
The Committee recommends development of the FY 2020 budget based on projected revenue of $1.15 billion, an increase of 2.7% ($30 million) over FY 2019 budget (excluding use of fund balance).
2: A Recommended Level of New County Debt Authorization
The Committee recommends limiting authorized new General Obligation bonds in FY 2020 to $70 million.
The report is really helpful for those who are interested in understanding the county financial situation from this report.
Talking about APFO part, the report only focuses on the revenue part, not on the cost side.