Coulter: Balanced Three-Year Budget “Invests In Key Priorities”
Pontiac, Michigan – The Oakland County Board of Commissioners approved County Executive David Coulter’s recommended balanced budget for fiscal years 2021-2023 this evening in a bipartisan vote. The county executive released the following statement:
“I am pleased with the bipartisan vote on our balanced, three-year budget. This budget is fiscally responsible, invests in key priorities, and preserves the county’s fund balance,” Coulter said. “The county is aggressively using federal CARES Act funding to manage the pandemic and recover our economy. It must be our top priority to protect the health and economic well-being of our residents and businesses. I am disappointed with those Republicans who have abandoned the Oakland County tradition of governing cooperatively through the budget.”
The county executive’s recommended budget reflects his commitment to strengthening fiscal discipline practices, maintaining a balanced budget, and priority areas that require investment and leadership by the county. County administration and the board of commissioners also worked together to ensure that the COVID-19 pandemic would have a minimal impact on the fiscal health of the county so it not only can provide an effective response to the pandemic but also continue to provide county residents and businesses with quality services. Coulter’s priorities include expanding and protecting health care with the Oakland Health 360 initiative; increasing workforce opportunities and implementing Oakland80; creating a new economic development strategic plan; protecting water and environment; embracing diversity, equity and inclusion; and establishing a public safety fund.
The general fund/general purpose budget is balanced at $457,447,452 for fiscal 2021, $469,264,431 for fiscal 2022; and $473,064,659 for fiscal 2023. The total budget for all fund amounts is $908,837,356 for fiscal 2021, $916,254,528 for fiscal 2022, and $922,115,865 for fiscal 2023. For more information about the budget, go to OakGov.com/fiscal.