The San Mateo County Board of Supervisors approved a budget update ensuring adequate funding for essential services without cuts, despite potential federal funding freezes. The county maintains its fiscal stability through strong property and sales tax revenues, allowing for increased payments to service providers to address rising salary costs, capped at $2 million. The overall $4.2 billion budget primarily supports public safety, social services, and health programs, while acknowledging future financial risks. The emphasis remains on careful financial management and planning to navigate potential challenges ahead.
Our mid-year update reveals that San Mateo County continues to have sufficient revenue to support essential health and social services, which are central to our mission.
We are prepared to navigate potential financial challenges with robust property and sales tax projections and careful financial management.
While the County continues to offer high-quality programs and services, it faces financial risks ahead.
These increases apply to specific contracts funded by Measure K or the general budget that already reimburse salary expenses, with total additional funding capped at $2 million.
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