California Counties Brace for Release of May Revision
By Paul McIntosh, Executive Director
pmcintosh@counties.org
The countdown has begun – In less than a week, the Governor will release his 2008-09 revised budget. With the state in fiscal crisis and county budgets stretched thin, the Governor’s May Revision promises to be the event of the week.
Not only does the Governor’s revised budget lay the groundwork for the difficult budget deliberations ahead, it also will reveal the magnitude of the multi-billion dollar deficit and its potential impact on counties. In fact, California counties around the state have been holding their own budget hearings – and the news has not been bright. Reductions are already being made to critical programs and services at the local level, given decreasing tax revenues and an increasing demand in services. These challenges are magnified by the “boom and bust” nature of the state budget. In a sense, counties are facing the “perfect storm.”
[FULL STORY]
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