Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Woodinville staff updates council on mid‑biennial budget review; revenue picture mixed but manageable
Summary
Staff presented a mid‑biennial revenue review showing a modest net increase in operating revenues but large volatility in some CIP revenue lines. Notable adjustments included a net $151,000 operating increase, a $3.7 million biennial reduction in traffic impact fees (timing), and a $1.4 million increase in real estate excise tax projections.
City finance staff opened the mid‑biennial budget review Sept. 16 with a presentation of updated revenue forecasts and economic context.
Presenter Mr. Fritz told the council that operating revenues overall are being revised upward by about $151,000, driven by stronger utility tax receipts and higher investment earnings, offset in part by a projected decline in fines and development-services…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat