The Board of Supervisors Tuesday authorized the allocation of about $60 million in reserves to cover unanticipated revenue shortfalls in Riverside County government to keep the budget balanced as the current fiscal year comes to a close.
In a 5-0 vote without comment, the board signed off on the Executive Office’s recommendation to draw down the reserve pool to manage cost overruns in the final weeks of 2025-26.
“The county continues to face a variety of structural and operational fiscal pressures,” county CEO Jeff Van Wagenen said in the third-quarter budget report vetted by the board Tuesday…