The San Mateo County Board of Supervisors today approved a recommended San Mateo County budget of $$3.4 billion for FY 2022-23.
The budget for the fiscal year July 1, 2022 through June 30, 2023 focuses on four priority areas: pandemic recovery; ending homelessness; equity and social justice; and capital projects.
"This budget is a reflection of the priorities of this Board and the community," said Don Horsley, Chairman of the Board of Supervisors. "We know that the impacts of the pandemic are far from over, that our most vulnerable residents continue to suffer. This budget continues our commitment to provide emergency and long-term assistance to those who need it most."
Staff's presentation to the Board of Supervisors included a look at the County's spending on economic and community recovery from the COVID-19 pandemic: a total of $357.9 million as of May 2022.
Funding comes from the state and federal governments, the local County Measure K half-cent sales tax and other sources.
Major beneficiaries include investments in housing - over $140 million, vulnerable populations - $90 million, economic recovery - $30 million, and children and families - $20 million.
The 2022-23 budget for all funds totals $3,431,316,070 million and 5,616 authorized positions. Reserves total $458,175,903 million.
During the Board of Supervisors meeting, County Executive Mike Callagy urged "caution" in projecting revenues for future services.
"We're heading into very uncertain times here" because of concerns about recession and economic growth, he said. "We may face more difficult times in the future, but we are well positioned for those more difficult times."
Thus, the Board of Supervisors will formally adopt the Recommended Budget in September after considering the revisions and reporting on the elements. To learn more about the recommended budget, interested parties can contact the Board of Supervisors at click here.
You may be interested in: Redwood City's People's Budget will be allocated to 4 projects chosen by its residents
