TO: Committee of the Whole - Finance, Administration, and Communications
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
|
Finance |
Kelley Cochran |
425-556-2748 |
DEPARTMENT STAFF:
|
Finance |
Haritha Narra |
Deputy Finance Director |
TITLE:
title
2025-2026 Budget Process Monthly Update
OVERVIEW STATEMENT:
recommendation
Council will be provided with timely and consistent updates related to the development of the 2025-2026 budget. Updates will be provided monthly until final budget adoption and will cover the forecast, internal processes, and community involvement and engagement. Other updates will be provided as requested by Council or as needed by staff.
body
☐ Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
☒ Receive Information ☐ Provide Direction ☐ Approve
REQUEST RATIONALE:
• Relevant Plans/Policies:
N/A
• Required:
N/A
• Council Request:
N/A
• Other Key Facts:
N/A
OUTCOMES:
The following information will be provided to Council:
1. Technology Update
2. 2025-2026 Budget Community Questionnaire Results
3. 2025-2026 Capital Investment Project Addition
4. Long-Range Financial Strategy & Fiscal Policy Updates
5. Business License Exemption Threshold Update
6. 2025-2026 City Council Baseline Budget
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
• Timeline (previous or planned):
On July 16, 2024, the first public hearing on the 2025-2026 biennial budget was held. This public hearing provided an opportunity for the community to share feedback on the proposed 2025-2030 Capital Investment Program and Business Technology Investment program, the first two years of which will be incorporated into the 2025-2026 biennial budget that is currently being developed.
On October 1, 2024, the second public hearing on the 2025-2026 biennial budget was held. This public hearing provided an opportunity for the community to share feedback regarding the proposed tax and fee increases in the preliminary 2025-2026 biennial budget.
On October 15, 2024, a third public hearing on the preliminary 2025-2026 biennial budget was held. This public hearing provided an opportunity for the community to share feedback regarding the preliminary 2025-2026 biennial budget.
The fourth public hearing on was held on November 4, 2024, to provide a final opportunity for community input into the adopted budget.
Members of the community have also been able to submit comments via email to budget@redmond.gov.
A community questionnaire for the 2025-2026 budget was also open August 5-September 20, 2024.
• Outreach Methods and Results:
The public hearings were noticed in The Seattle Times, the Redmond City Hall Lobby, and on www.redmond.gov/1202/Public-Hearing-Notices.
The Budget Questionnaire was posted on the Let’s Connect Redmond platform. It was promoted on eNews, Facebook, Twitter, and Nextdoor, as well as in the Parks & Rec newsletter and the Plans, Policies, and Regulations newsletter.
• Feedback Summary:
Comments from public hearings and received via email are being compiled into a matrix.
A total of 157 responses were submitted.
BUDGET IMPACT:
Total Cost:
N/A
Approved in current biennial budget: ☐ Yes ☐ No ☒ N/A
Budget Offer Number:
N/A
Budget Priority:
Strategic and Responsive
Other budget impacts or additional costs: ☐ Yes ☐ No ☒ N/A
If yes, explain:
N/A
Funding source(s):
N/A
Budget/Funding Constraints:
N/A
☐ Additional budget details attached
COUNCIL REVIEW:
Previous Contact(s)
|
Date |
Meeting |
Requested Action |
|
2/13/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
|
2/27/2024 |
Study Session |
Provide Direction |
|
3/19/2024 |
Committee of the Whole - Public Safety and Human Services |
Provide Direction |
|
4/9/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
|
4/23/2024 |
Study Session |
Provide Direction |
|
5/28/2024 |
Committee of the Whole - Parks and Environmental Sustainability |
Provide Direction |
|
6/11/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
|
6/25/2024 |
Study Session |
Receive Information |
|
7/9/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Receive Information |
|
7/9/2024 |
Study Session |
Provide Direction |
|
7/16/2024 |
Business Meeting |
Receive Information |
|
8/13/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Receive Information |
|
9/10/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Receive Information |
|
9/24/2024 |
Study Session |
Receive Information |
|
10/1/2024 |
Business Meeting |
Receive Information |
|
10/8/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Receive Information |
|
10/15/2024 |
Business Meeting |
Receive Information |
|
10/22/2024 |
Special Meeting |
Provide Direction |
|
10/29/2024 |
Special Meeting |
Provide Direction |
|
11/4/2024 |
Special Meeting |
Receive Information |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
11/12/2024 |
Special Meeting |
Provide Direction |
Time Constraints:
N/A
ANTICIPATED RESULT IF NOT APPROVED:
N/A
ATTACHMENTS:
Attachment A: Budget Questionnaire Results
Attachment B: Project Information Sheet-Joint Use - Kirkland South Reservoir Tank Painting and Seismic Retrofit
Attachment C: Long-Range Financial Strategy_redline
Attachment D: Fiscal Policy_redline
Attachment E: Business License Exemption Threshold Increase Recommendation and Presentation
Attachment F: City Council Baseline Budget Recommendation
Attachment G: 2025-2026 Biennial Budget Public Comment Matrix_as of 11-08-2024