Yesterday the Sacramento County Board of Supervisors approved the 2022/23 Final Budget. I proposed an amendment for a first-of-its-kind affordable housing property tax rebate pilot project. It’s an attempt to incentivize the provision of below market rate rents to protect tenants from becoming homeless. Read the following story for details. -Phil
Board Revises Approved FY 2022-23 Budget
The Sacramento County Board of Supervisors voted yesterday to revise the Approved Budget for the 2022-23 fiscal year.
The Approved Budget in June totaled $7.3 billion. With the completion of the County’s FY 2022-23 year-end financial closing activities and updated information, an increase of $540 million was proposed, bringing the Budget Recommended for Adoption to $7.9 billion in appropriations. The increase includes a $228 million increase in General Fund appropriations, and a $313 million increase in appropriations in other funds.
