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Nevada County Preparing for Expected Financial Hit

Nevada County is expecting to be hit hard economically by the coronavirus pandemic going well into next year, but officials there believe they can weather the storm. Chief Financial Officer Martin Polt has been crunching the numbers, and estimates the impact to be severe…

Listen to Martin Polt 1

Those revenues include sales taxes, which are not coming in because stores have been closed, and other sources such as gas taxes, which would go into the transit and public works departments. Polt says because of policies by the executive officer and the Board of Supervisors after the great recession of a decade ago, they will be able to continue to provide the core services that the county has come to expect, and do it without staff reductions…

Listen to Martin Polt 2

Polt says they are enacting what he calls ‘cost savings’, meaning not filling vacant positions unless absolutely necessary. The crisis has also increased county expenditures, but Polt hopes they’ll be re-imbursed either by the federal or state government for most of those.

–gf

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