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Pasco staff outline mid‑biennium budget adjustments totaling $130 million in revenue, $75 million in expenses
Summary
Interim finance staff presented a mid‑biennium adjustments package increasing citywide revenues by $130 million and expenditures by $75 million, driven by investment income gains, energy tax credits and utility tax adjustments; staff said certain funds remain restricted and some increases are tied to liabilities.
Interim Finance Director Garcia presented the City of Pasco’s proposed mid‑biennium adjustments at the Nov. 24 council workshop, reporting proposed citywide revenue increases of about $130,000,000 and increased expenditures of about $75,000,000 across all funds.
Garcia said a substantial portion of the revenue change reflects investment income gains and a one‑time receipt of energy tax credits that total roughly $66,000,000 but…
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