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| County stands at edge of budget chasm |
| By Sam Womack - Santa Maria Times |
| Published: 02/18/2009 |
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Santa Barbara County is staring at a $15 million budget gap this year that will explode into a $75.2 million chasm in just five years, according to the county’s own predictions. In the past three weeks, county officials have also been apprised of a potential $900 million hole in their retirement fund and a significant drop in the county’s discretionary revenue. The only move the Board of Supervisors has made so far to address the fiscal crisis is to request a meeting with the retirement board to discuss liability payment options. No date has been scheduled. But on Tuesday, the supervisors will hear how 10 percent across-the-board cuts — totaling $18 million — will affect nearly all of the county departments. “They’re big cuts,” said Jason Stilwell, assistant CEO. “There will definitely be some impacts.” The potential effects of the reduction, including staff and service level cuts, will depend on how much a given department relies on the general fund, Stilwell said. But at least five departments are looking at a reduction of more than $1 million. Read more. If link has expired, check the website of the article's original news source. |
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