Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Approval topic
No spam. Unsubscribe anytime.
Budget committee approves City of Redmond and Urban Renewal Agency 2026–27 budgets and tax rate
Summary
The Budget Committee approved the City of Redmondand Urban Renewal Agency fiscal year 202627 budgets after staff presentations. The committee set the city operating levy at $4.4101 per $1,000 assessed value and recorded approvals for both budgets with no recorded opposition.
The City of Redmond Budget Committee on the evening under review approved the City of Redmondfiscal year 20262027 budget and the City of Redmond Urban Renewal Agency (URA) budget after staff presentations and committee questions.
Herlinda Korn, budget analyst, presented high-level numbers for the URA and said, "The total budget is 7,600,000," and described fund structure and revenue sharing that will deliver about $639,000 to the Redmond School District and roughly $561,000 to the City of Redmond from URA increments. Megan Gassner, Urban Renewal Program Analyst, described project priorities including the downtown ice-rink design and preconstruction work.
After the Urban Renewal presentation, Tobias Colvin moved to approve the URA proposed FY 202627 budget; Catherine Osborne seconded and the motion carried with no opposition. The motion language included confirmation of tax increment collection assumptions and district-level collection rates for the Downtown and South 97 urban renewal districts.
The committee later reconvened the citywide budget hearing. Councilor Catherine Osborne moved that the City of Redmond Budget Committee approve the proposed FY 20262027 budget and set property taxes for fiscal year 20262027 at a rate of $4.4101 per $1,000 of assessed value for operating purposes and $2,337,343 for payment of general obligation bond principal and interest. The motion received a second and carried with the committee voting "aye." No roll-call tallies for individual members were recorded in the transcript.
Why it matters: committee approval clears the proposed spending and tax-rate package to move to the council-level adoption process; the package funds a multi-year capital program that staff says is needed to support growth and operations across water, wastewater, transportation and public-works priorities.
What to watch next: staff will move the approved budgets forward per the cityprocess; several large capital projects referenced in the presentations (notably the Redmond Wetlands Complex and the East Side Arterial) remain in multi-year construction timetables and will require ongoing council action for project-specific contracts and debt commitments.
