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Yelm finance staff outlines revenue forecast, explains "banked" 1% property-tax capacity; public hearings set
Summary
City staff presented year-end estimates for 2025, outlined preliminary 2026 revenue assumptions and explained how uncollected 1% levy capacity is "banked" for future use; council was told public hearings are set for Oct. 14 and Nov. 12 and ordinances will be considered Nov. 25.
YELM, Wash. — City finance staff presented the citywide revenue picture for fiscal 2025 and preliminary assumptions for 2026 at the Sept. 23 Yelm City Council meeting, explaining how the city’s unused 1% property-tax capacity can be “banked” for future use and announcing required public hearings on the mid-biennium budget amendment and property tax.
The presentation, given by Stephanie (staff member), included year-end estimates for sales and other routine taxes, a breakdown showing the city’s share of the overall property-tax levy, and an explanation that the city may decline the annual 1% increase and reserve that capacity for later use. Stephanie told the council the first public hearing on the property tax and mid-biennium budget amendment will be Oct. 14, a second hearing will be Nov. 12, and adoption of the ordinances is scheduled for Nov. 25.
The session matters because the city’s revenue forecasts and levy decisions…
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