County reports fiscal year reserve pool larger than anticipated

Riverside County government revenue will not be in the dire condition anticipated earlier in the current fiscal year, thanks mostly to federal coronavirus-related reimbursements, which will cover shortfalls in most agencies’ budgets, according to a report that the Board of Supervisors will review Tuesday, March 9.“While the current projected outlook for this fiscal year is stable, we have challenges looming,” county CEO Jeff Van Wagenen said in an introduction to the 2020-2021 midyear budget report. “This is a time for prudent spending and increased focus on fiscal stability and transforming how we deliver services for our constituents. In this way, the county will continue to work toward structural balance.”The biggest takeaway from the 40-page report was the executive o
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