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Woodinville staff report stronger operating finances and propose CIP adjustments; council approves first reading of 2026 property tax levy ordinance
Summary
City staff reported an improved operating margin (from $12,000 to about $350,000 projected) and proposed CIP adjustments, including increased estimates for the SR‑202 corridor/trestle project. Council approved continuing the budget hearing to Nov. 4 and passed first reading of the 2026 property tax levy ordinance (no council‑level tax increase proposed).
City finance staff and the city manager presented the mid‑biennial budget review on Oct. 21, reporting stronger than expected beginning fund balances (about $6.2 million higher than budgeted) and a projected positive general fund operating margin of roughly $350,000 at the end of the biennium.
Staff said capital project revenues are forecast to decline by about $1.4 million because of…
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