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National Association of Counties Fall Board of Directors meeting December 5-7, 2024 Sonoma County, CA December 6, 2024: Morning-Mobile Tour Symposium Afternoon - Board Meeting: Finance Committee Report: • The projected 2024 operating deficit is$1.69m instead of the forecasted $1.94m. This is good news. An operating deficit is projected through 2030 as new revenue streams get up and running after the sale of U.S. Communities several years ago and NACo received an influx of cash as proceeds from the sale. • There is a 2025 projected operating deficit of$1.98m. There will also a rebalance of investment income. The Association will take a one-time penalty to move cash from a lower interest rate investment to a higher rate investment. This will incur a one-time loss (penalty) of$1.073m. The 7-year net gain will be$2.874M. Policy Priority Update: • Core priorities won't change with a new administration coming into office. Strategies and tactics will change. • Maintain ARPA flexibility. (Most obligate by 12-31-24&expend by 12-31-26) • 988 Suicide/crisis hotline-new routing plan to closest tower rather than where the#is registered. 2024-2025 Policy Overview: • Lame Duck Session: o Will need Continuing Resolutions for 2025 appropriations by 12-20-24 o Considering a Disaster Supplement Bill. Senate wants $110B. The Senate is considering$40B-$60B. o A Farm Bill extension is needed by 12-31-24. • Trump Administration Transition: o Communicated with the Transition team last week. o Farm Bill will be critical. o Anticipate two major pieces of legislation early after inauguration. ■ Immigration & Boarder, Defense Policy, Energy ■ Taxes,Trade&`other priorities.' o Anticipate significant regulatory reforms. NACo Mid-Sized Exploratory Committee: • 130 counties above 500k • 2,100 counties under 50k • 823 between 50k-500k.