Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Tumwater staff project a slimmer 2026 revenue picture and push decision points on fees and debt
Summary
City staff told council a 10-year general-fund forecast pushed a fiscal 'cliff' from 2028 to 2030 but proposed lowering 2026 revenue expectations by about $1.1 million; staff outlined options including impact fees, banked property-tax capacity, utility-tax changes and a possible debt package.
Troy, the city staff presenter, told the Tumwater City Council at a March 24 work session that updated forecasts and 2025 budget performance have pushed a projected general-fund reserve shortfall — the city's fiscal “cliff” — out to 2030 but that staff now recommends lowering some 2026 revenue expectations.
Troy proposed reducing the city’s 2026 property-tax expectation by $590,000 and sales-tax expectation by $905,000, while modestly increasing business-and-occupation and utility-tax estimates, for a net proposed revenue reduction of about $1,100,000. "If the revenue came in exactly at $46,600,000 and the department spent the entire $49,500,000 budget, we would dip into fund balance to the tune of $2,800,000,"…
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
