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Redmond staff report steady Q1 finances; deputy director flags economic uncertainty
Summary
Deputy Finance Director Hrutha Narn told the council May 20 that first-quarter 2025 revenues and expenditures are tracking largely as expected, with strong sales tax receipts but caution about national indicators and potential stabilization in development-related revenues.
Deputy Finance Director Hrutha Narn told the Redmond City Council on May 20 that first-quarter 2025 revenues and expenditures are generally tracking as expected, although national indicators point to economic uncertainty.
Narn said King County economic forecasts show slower growth and cautioned that inflation in the Seattle area may remain above the national average. She said Redmond’s sales tax collections remained strong through the first three months of 2025 and that assessed values aligned with budget assumptions.
The report noted…
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