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County Finalizing Budget This Week

A 201-million dollar budget for the 2015-2016 fiscal year has gotten conceptual approval from Nevada County supervisors. ┬áThe amount is only about a-million dollars more than a year ago, with Chief Financial Officer Martin Polt saying they’re holding the reins on expenses pretty significantly, with revenues increasing at a modest pace….

Listen to Martin Polt 1

Polt says staffing levels are stable, for the most part, although there’s a proposed reduction of five, permanent full-time positions, from recent department re-structuring. Meanwhile, he says rising pension and health plan costs will continue to be a challenge for a while. Employees now need to contribute more from their salaries, as a result of recent legislative reform…

Listen to Martin Polt 2

Polt says Nevada County is also maintaining a fairly solid general fund level of about 23-million dollars for the next fiscal year. He says that’s also critical for economic uncertainties and emergencies.

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