County reserves show careful management – Medford News, Weather, Sports, Breaking News

Jackson County is emerging from the pandemic on a solid financial footing, thanks to careful management by the Council of Commissioners and County Administrator Danny Jordan. But county residents also deserve some of the credit.

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Commissioners adopted a budget of $ 474 million for the next fiscal year, compared to $ 429.8 million for the year ending June 30. It’s not particularly noticeable – budgets tend to increase over time. What is remarkable is the state of county reserves, contingency funds and closing fund balances.

This total stands at $ 190.1 million, an increase from the $ 173.6 million in the current budget.

County officials carefully stored money on reserves for a number of years, long before the current commissioners took office. Much of this is the result of Jordan’s financial advice, investing in construction projects that have generated income for the county. But Jackson County voters are also expected to bow.

In 2007, the county closed its libraries because there was not enough money to run them, then reopened them under the management of a foreign company to save operating costs. Seven years later, voters in Jackson County created a tax district to support the library system separate from the county’s general fund. Voters also approved a fiscal district to support the extension service. And county residents have also supported Rogue Community College and the Rogue Valley Transportation District.

So when you read the Jackson County property tax rate of $ 2.01 per $ 1,000 of assessed value, understand that it only represents the portion of property taxes that goes to support the county government. . Schools, libraries, rural fire districts, the extension service, RVTD and other entities receive their own levies, which add to the total tax burden for landowners in the county.

Residents of Jackson County benefit from a wide range of services, operated efficiently. Counties in western Oregon that in the past depended on revenues from timber harvesting to support public services have seen those revenues decline as logging has declined. Jackson County has done a better job than most in dealing with this loss of revenue.


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