June 4, 2014: Oakland County Budget Balanced through FY 2018
Oakland County, Mich.’s budget is balanced through Fiscal Year 2018, County Executive L. Brooks Patterson announced today. Patterson’s “Summary of Future Operating Issues and Related Resolution” is posted on the county’s website outlining why no county departments will have budget tasks (cuts) in that same time frame. >>Read More
April 18, 2013: Oakland County Budget Balanced Through 2017
Oakland County Executive L. Brooks Patterson's Budget Task Force has announced that the county will maintain a balanced budget through fiscal year 2017 without having to assign any new budget reduction tasks to county departments.
According to the county's latest budget framework report, there are some positive signs that the market values of homes are stabilizing with fewer foreclosures. The county is on pace to have 3,400 foreclosures in 2013, a 46 percent reduction from the 7,371 in 2012. It also predicts a one percent increase in taxable value this year against the budget. >>Read More
January 22, 2013: County Budget Balanced Through 2016
Oakland County's budget will remain in balance through at least 2016, the entirety of L. Brooks Patterson's sixth term as county executive, according to a summary of future operating issues prepared by Deputy County Executive Robert Daddow.
"Oakland County retains its AAA bond rating in part because we are able to project budget challenges years into the future and resolve them before they become a problem," Patterson said. "In this case, not only are we balanced through 2016, but we are able to do it without seeking any additional budget cuts from the other county officials."
The document, called "Interim Framework - A Long-Range Fiscal Plan for the Future," analyzes global, national, state and local issues that may impact Oakland County's revenue in the coming years. >>Read More
July 18, 2012: Budget is Balanced Through 2015 Without a Tax Increase
A 10-year capital improvement plan, no new budget tasks for county departments and elected officials for the first time since 2006, and changes in employee compensation and health care benefits are included in Oakland County Executive L. Brooks Patterson's budget recommendation which is balanced for FY 2013, FY 2014, and FY 2015. >>Read More
March 7, 2012: The transmittal letter below, directed to Oakland County government's elected officials from County Executive L. Brooks Patterson introduces the report entitled "Framework: Summary of Future Operating Issues and Related Resolution" ( Framework). Dated February 23, 2012, the Framework analysis addresses County operating budgets for FY-2012 through FY-2015.
The Framework analysis is an essential component of Oakland County's nationally recognized long-range budgeting practices. The analysis contains a thorough assessment of: 1) the closed accounting records as of September 30, 2011; 2) a discussion of economic issues that may impact future operating budgets and 3) projected operating needs for FY 2012 through FY 2015.
The Framework's foundation is rooted in the Board of Commissioner's adopted budget and budget plans for FY-2012 through FY-2014. The analysis is designed to demonstrate to our taxpayers, to our County employees and to the bond rating agencies, that Oakland County is and will remain, fiscally sound. Details contained in the Framework show that the operating budgets for FY-2012 through FY-2015 are in balance, and prove that they will, with continued fiscal vigilance, be balanced over the entire period.
September 22, 2011: Oakland County Executive L. Brooks Patterson applauds the Board of Commissioners’ unanimous vote in favor of his three-year budget recommendation for Fiscal Years 2012, 2013 and 2014. The General Fund budget is balanced at $412,035,974 for Fiscal Year 2012; $413,950,138 for Fiscal Year 2013; and $421,212,381 for Fiscal Year 2014. Total budget for all funds amounts to $796,178,345 for Fiscal Year 2012; $783,509,204 for Fiscal Year 2013; and $790,936,792 for Fiscal Year 2014. >> Read More
July 6, 2011: Budget Message
Oakland County Executive L. Brooks Patterson announced that Oakland County employees may see a 1% general salary increase in 2014 with no salary changes for 2012 and 2013 in his budget recommendation to the Board of Commissioners Wednesday evening. >>Read More
November 8, 2010: Budget Symposium II
Learn about tools and approaches used by Oakland County in our multi-year budgeting process at the 2010 Budget Symposium II sessions.
July 7, 2010 Budget Update: County Budget Result of Long-Term Outlook
Oakland County Executive L. Brooks Patterson told the Board of Commissioners July 7, 2010 that his budget recommendations reflect a diligent and intense process of financial management in a challenging economy while delivering quality, cost-effective and needed services to residents.
Patterson’s balanced three-year budget for Fiscal Years 2011, 2012 and 2013 proposes no tax increases.
“The budget is more than merely balancing income with expenditures,” Patterson said. “It is the result of a continuous, forward-looking focus by the county’s Management and Budget and Human Resources Departments to anticipate problems and take appropriate action well in advance of major budgetary fluctuations.”
Oakland County government stays within its means through innovative management of its revenues and spending. The county, however, continues to confront the issues of job losses and declining real estate values, which impact Oakland County’s tax base well into the future.
The county’s long-term outlook will continue to allow it to weather the fiscal storm. As the only county in the United States to budget on a rolling three-year cycle, Oakland County is looking ahead to Fiscal Year 2014 and beyond.
December 7, 2009: Budget Symposium I
Oakland County Executive L. Brooks Patterson held a symposium for local government leaders on how to manage their declining budgets during the worst economy since the Great Depression on Monday, December 7, 2009. The presentation took place 8:00 a.m. to noon in the Board of Commissioners Auditorium at 1200 North Telegraph, Building 12 East in Pontiac.
The four sessions discussed the economic forecast for the coming fiscal years, potential fallout from Michigans money woes, the benefits of multi-year budgeting and the savings from employee benefits and healthcare reform.