Should investment income and fund balance alone be used to close the budget gap?
One way to close the budget gap, which has been floated publicly by several people and discussed during our most recent work session with the County Council, is to increase projections for investment income, leverage unassigned fund balance, and tap the health fund balance. It has been stated that these three mechanisms alone would reduce the remaining gap. Unfortunately, this is not possible, nor is it recommended. Here is more information about what it would look like and the associated risks we would be assuming if we went that route.