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Finance, parks and development committees flag budget pressure, Eaglemont and downtown planning
Summary
Committee reports presented March 26 to the Mount Vernon City Council showed the city’s fiscal investments, warned of a possible multi‑million‑dollar 2026 budget shortfall and summarized development planning updates on Eaglemont, Blackburn Waugh Road and a downtown EIS.
At the council’s March 26 meeting committee chairs reported on finance, parks and development items that the council will consider in upcoming months.
Finance and parks. Council member Gary (last name not specified in the record) reported the city’s investment balance for the year ending 2024 at $34,900,000, with roughly $29,000,000 in long‑term investments and the remainder in short‑term vehicles and cash. The committee discussed the Skagit County jail funding arrangement and said the city’s contribution must increase by about $84,000 to maintain required fund balances;…
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