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Council trims REIT transfers, adopts budget and CFP amendments after debate
Summary
The Anacortes City Council voted 7–0 March 16 to adopt first‑quarter budget and CFP amendments and approved an amendment reducing REIT transfers to the annual sidewalks and bikeways program by $200,000; council cited shrinking REIT revenue and the need to preserve matching funds.
The council approved two ordinances (5023 and 5024) amending the operating budget and the capital facilities plan on March 16 after a brief public hearing and debate among council members about REIT (real‑estate excise tax) availability.
Finance Director Steve Hoagland reviewed the proposed amendments: a package of four crosswalk projects ($238,000 in REIT), a Fire Station 1 remodel ($312,000 with $67,000 REIT), and an added fleet repair line in the operating budget. After a public comment…
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