Over the past several years, the County of Marin has taken several actions to bring our budget into balance. We have cut ongoing expenses by over $30 million and reduced our workforce by approximately 10%. The County adopted a lower-cost retiree health plan for new employees in 2008, negotiated lower pension tiers for new miscellaneous employees in 2011, implemented the Public Employees' Pension Reform Act of 2013, and recently established an Other Post-Employment Benefits (OPEB) trust - setting the County on a path to fully fund its retiree health costs over a 30-year period. Over the past three years, the County reduced its unfunded retiree liabilities by over $230 million, leading all three independent bond rating agencies to recently affirm Marin County’s AAA credit rating.
Our goal in preparing the budget is to be open and transparent, make recommendations consistent with our long-term priorities, and to be fiscally responsible to the residents we serve, with the shared goal of making Marin safe, healthy, equitable and sustainable.
In 2014, the Board approved a balanced budget plan for the next two years. Going forward we will build upon our past successes, continue to adapt our spending priorities to address emerging needs within existing resources, and make investments in technology to meet the expectations of our residents and employees.
Explore the County’s Proposed Budget documents below, or use our new Open Budget Portal for a more interactive presentation of our budget. In a partnership with OpenGov.com, our Open Budget Portal is a new web-based financial transparency and business intelligence tool that dynamically presents the County’s revenues and expenses, from multi-year trends to line item level details.