Marin budget goes to public

06/06/2019

The proposed 2019-2020 county budget, part of a two-year plan approved by supervisors last June, is slated to be $677.1 million, a 7.3 percent increase from last year. That small jump is in keeping with that from the year before, and it reflects Marin’s slow growth. The county estimates that revenue from property taxes, the single largest source of discretionary funds, will increase by 5.25 percent in the next fiscal year. “Despite a strong local economy and a relatively stable fiscal outlook for the state, Marin continues to be a slow growth county,” a report submitted to the Board of Supervisors this week states. “Since the County of Marin is primarily funded through property tax revenue, the county’s fiscal outlook is closely linked to changes in local assessed property values. Because of Proposition 13 limitations and relatively low levels of new construction, we are projecting a gradual slowdown in the annual growth rate for countywide assessed value over the next five years.” The priorities of the budget include investments in infrastructure, improving disaster preparedness, preserving affordable housing, addressing climate change and eliminating inequities in county policies and programs. The proposal can be found on the county’s website under the county administrator’s page, under “management and budget,” under “budget overview.” A public hearing on the budget will take place at 9 a.m. on June 17 in the Board of Supervisors Chambers, in San Rafael.