04-28-2009, 01:40 PM
The balancing act will take care of FY 09-10. But come FY 10-11, if the financial picture remains the same, they will be back at square one with a huge deficit. The County cannot do the same thing at that time as they are doing now because half the deficits closing funding sources are being cashed out this year. The other sources have no excess funds because they suspended contributions to close FY 09-10 budget shortfalls. So, where will the County get the funds at that time? I believe that the chances are really good that instead of just a moratorium on suspending contributions to these mandated funds, the County will move for another measure to allow them to take what remains. If in three years things don't fiscally change for the better, there will be no sources of revenue from dedicated funds to tap because they already cashed them out.