Financial State of County to Highlight Progress in Douglas Co. - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Financial State of County to Highlight Progress in Douglas County

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From Douglas County:

Douglas County officials are hosting a Financial State of the County event on March 10, 2014. The event will highlight challenges and progress over the past several years, kick off the County's Fiscal Year 2014-15 budget development process, and focus on long-term solutions to community issues. This year's event will also highlight several local businesses with "Spotlight Awards" for outstanding contributions to the community and partnership with the County.       

"Douglas County continues to make great progress implementing solutions to long-term challenges, including strong financial management, regional partnerships and investment in infrastructure," said County Manager Steve Mokrohisky. "We must now focus on revitalizing our main streets and investing in our greatest asset – a high performing workforce."

In 2012, Douglas County began developing 5-year financial forecasts to address long-range financial challenges, rather than short-term fixes. As a result, the County has been successful in closing the $3 million annual shortfall in its General Fund, through long term contracts with employees, elimination of positions and regional partnerships that stabilize expenses. Douglas County is also the first county in the nation to implement Priority Based Budgeting to continuously improve local services and provide the greatest value to taxpayers. In early 2014, Standard and Poor's rating agency upgraded Douglas County's bond rating by two notches to ‘AA', which is the first upgrade in 10 years and the highest bond rating ever provided to the County.

There are several areas of progress to note, including revitalization of the Minden-Tahoe Airport, construction of a new Community and Senior Center, stabilization of water and sewer rates in the Carson Valley, development of a new vision, regional plan and area plan at Lake Tahoe, and improvements to the historic Town of Genoa.

The event will begin with a reception at 5:30 pm on Monday, March 10, 2014 at the Carson Valley Inn, Valley Ballroom. The Financial State of the County will begin at 6:00pm. The public is encouraged to attend.

From Douglas County

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