Our objective in preparing the budget is to make fiscally responsible recommendations in an open and transparent manner that are consistent with long-term priorities.
The County’s two-year budget is structurally balanced and fiscally sound. Public hearings were held on June 19th and June 20th in the Board of Supervisors Chambers to discuss the FY 2017-18 Proposed Budget.
Over the past several years, the County of Marin has taken several actions to bring the budget into balance. Ongoing expenses were reduced by over $30 million and the workforce was reduced by approximately 10%. The County adopted a lower-cost retiree health plan for new employees in 2008, negotiated lower pension tiers for new employees in 2011, implemented the Public Employees' Pension Reform Act (PEPRA) of 2013, and established an Other Post-Employment Benefits (OPEB) trust to fully fund retiree health obligations. Over the past five years, the County reduced its unfunded retiree liabilities by over $200 million, leading all three independent bond rating agencies to affirm Marin County’s AAA credit rating.