Report: Riverside County revenues not as deeply impacted as predicted

RIVERSIDE (CNS) - Though uncertainties dot the horizon, Riverside County government's financial condition going into the middle of the current fiscal year is not as strained as officials originally predicted, according to a report that will be presented to the Board of Supervisors Tuesday, Nov. 17. "Overall, revenues are trending better than previously anticipated, although uncertainty remains due to COVID-19,'' county CEO George Johnson said in an introduction to the 50-page first quarter 2020-21 budget report. "Supplemental property tax assumptions are coming in higher ... Other notable increases are documentary transfer tax, as the county assessor reports an increase in document processing.'' The county reserve pool has been drawn down because of increased outlays directly tied to the
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