Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Poulsbo holds revenue public hearing as council weighs business-and-occupation tax settings
Summary
City staff presented 2025–26 revenue projections and detailed the new local business-and-occupation (B&O) tax program. Finance director reviewed projections, B&O collections to date, and next steps for model ordinance adoption; council scheduled further B&O discussion during budget adoption.
Poulsbo held a public hearing Oct. 15 to review revenue projections for the city’s 2025–26 biennial budget and to update the council on newly implemented local business-and-occupation (B&O) tax collections.
Finance Director Debbie (last name not provided) presented the citywide revenue picture, explaining that preliminary 2025 operating revenues for the General Fund are projected at about $17 million and that staff projects roughly $18 million for 2026 as the biennial budget is finalized. Debbie said much of the larger variance between years is caused by capital grants and debt proceeds, which fluctuate with project timing.
Debbie outlined several newer local revenue streams: the city’s mid‑2024 B&O tax, the transportation benefit district car‑tab and sales‑tax components, the affordable housing tax (0.1% sales-tax…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
