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Everett projects $576.5 million in preliminary 2026 revenues; taxes drive general fund
Summary
Finance staff told the Everett City Council the city’s preliminary 2026 revenue forecast is $576.5 million, with $176.7 million for general government and taxes accounting for about 75% of general government resources. Officials flagged risks and one-time transfers used to balance near-term needs.
Everett finance staff presented a preliminary citywide revenue forecast of $576,500,000 for 2026 and told the City Council that roughly $176,700,000 of that is projected to support general government services such as police, fire, parks and libraries.
The forecast matters because taxes — primarily property tax, sales tax and business & occupation (B&O) tax — account for about 75% of general government revenue, making the city’s core services sensitive to regional and national economic shifts.
Heidi Brillantes, Everett’s finance director, summarized the forecast and its components and said the city’s general government revenue projection for 2026 is approximately $177,000,000. "Taxes are by far our largest source. That accounts for 75% of total resources," she said.
Jamie Lee Graves, assistant finance director, reviewed major revenue categories and legal constraints on property tax. "By law, all real and personal…
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