Pontiac, Michigan -- Oakland County Executive L. Brooks Patterson told the Board of Commissioners tonight 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.
A highlight of Patterson's budget is that county employees will see less of a pay decrease in the coming fiscal year. County employees will have their wages reduced by 1.5% for Fiscal Year 2011, with no projected pay cuts or raises for 2012 and 2013.
"I want to thank all county employees for sharing the burden of my recommended budget reductions," Patterson said.
In last year's triennial budget, it was planned that county wages would be reduced 2.5% for Fiscal Year 2011, with 1% raises for 2012 and 2013. The change is a result of an operating surplus from Fiscal Year 2009 and one anticipated for Fiscal Year 2010, largely arising from the acceleration of spending reductions by county departments.
"This budget recommendation embodies the principles that are important to Oakland County and have been voiced by those of us who are elected to serve its citizens," Patterson said. "I am confident that Oakland County will continue to rank as a premier county, both financially and programmatically. Wall Street shares this confidence, having affirmed the county's AAA bond rating for the past 13 years."
The total budget for all funds amounts to $763,565,949 for fiscal year 2011; $766,481,972 for fiscal year 2012; and $751,748,159 for fiscal year 2013.
To view the complete line-item budget online, visit the Oakland County website at:
For media inquiries only, please contact Bill Mullan, Media and Communications Officer, at 248-858-1048.