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Federal Way finance director reports sluggish sales-tax receipts and recommends monitoring fund balance to cover shortfall
Federal Way City Council - Finance & Economic Development Committee · October 29, 2025
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Summary
Finance staff told the committee that the city's September finances show sales-tax receipts and REET below budget and an approximate $1.1 million shortfall versus the forecast.
City finance staff presented the September 2025 monthly financial report, telling the committee that sales-tax revenue is running below budget though slightly ahead of last year, and that real-estate excise tax (REET) and permit revenues continue to lag. Staff said unrestricted utility tax is favorable to budget but that overall the city faces an…
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