NEWS: County Releases FY 2024-25 Budget Proposal; State’s Troubles Imperil Local Programs and Services
San Mateo County, California sent this bulletin at 05/23/2024 05:44 PM PDT
May 21, 2024
For Immediate Release
County Releases FY 2024-25 Budget Proposal; State’s Troubles Imperil Local Programs and Services
Redwood City – County Executive Mike Callagy today unveiled a $4.2 billion budget plan amid growing concerns the state might claim County revenue to balance its own books.
While the County continues to provide quality programs and services, Callagy warned the fiscal headwinds from a shortfall in vehicle license fees (a form of property tax) – coupled with state budget changes – threaten what is now a balanced budget.
“The current economic environment poses challenges for our County’s financial stability,” Callagy said. “We advocate for a cautious fiscal approach due to the challenging economic times we face.”
The Board of Supervisors will hold a public hearing on the proposed budget on June 25.
