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Federal Way council hears finance briefing, approves CDBG plan and mid‑biennium budget amendment; property tax ordinance passes 6–1
Summary
On Nov. 5 the council reviewed a monthly financial report, discussed revenue shortfalls and cash balances, approved the 2026 CDBG annual action plan, and passed a mid‑biennial budget amendment. The 2026 property tax levy ordinance passed 6–1; Councilmember McDaniel cast the lone no vote.
The Federal Way City Council considered several finance items on Nov. 5, including the monthly financial report, a mid‑biennial budget amendment and the 2026 Community Development Block Grant (CDBG) annual action plan.
Finance Director Steve Groom briefed the council on year‑to‑date revenues and cash balances and noted material variances from budget. "The shortfall in the current year is 767,000. That's about 6% unfavorable to budget," Groom said, pointing to sales tax underperformance relative to the adopted budget while noting sales tax remains slightly ahead of last year. Groom also cited an interest‑revenue shortfall (about $394,000) and explained that uneven timing of property‑tax receipts and bond payments affects monthly cash flows.
Council action and staff discussion
- Consen…
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