25 Jun Fiscally-cautious budget adds $69 million to the rainy day fund and directs resources toward mental health
LOS ANGELES COUNTY – Supervisor Kathryn Barger applauded the adoption of the county’s final 2018-2019 budget that “focuses on the County’s priorities and key issues while still taking a fiscally cautious approach to the use of resources.”
“As I have stressed a number of times previously—and I’m sure I will again—it is critical that we remain committed to our fiduciary responsibility as stewards of public funds, and to ensure that tax dollars are being spent in an efficient and cost effective manner,” she said.
She also applauded the county CEO Sachi Hamai and her team for including $69 million to the county’s rainy day fund.
“We have enjoyed many years of economic growth, but the reality is that this can’t last forever,” Barger said. “An eventual downturn is inevitable, and this reserve is so critical to ensuring the continued provision of services in the face of economic challenges.”
However, she also stressed the importance of funding support and treatment for those suffering with mental health issues.
“The over $93 million of Mental Health Services Act (MHSA) funding going to support a variety of programs and needs this next year will go a long way toward improving mental health service provision across the County,” she added. “The utilization of MHSA funding is imperative to the County’s strategic plan to improve mental health, and I look forward to ensuring that these resources are being used in a way that maximizes the countywide impact.”
The CEO is expected to return in the fall with the FY 2018-19 Supplemental Budget recommendations, which will include updates as a result of revised FY 2017-18 year-end figures, further clarification on the impacts of the approved budget at the state level, and updated information as appropriate.