TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Kelley Cochran
425-556-2748
DEPARTMENT STAFF:
Finance
Haritha Narra
Deputy Finance Director
Finance
Hailey Zurcher
Financial Planning Manager
TITLE:
title
Budget Process Update: Long-Range Financial Strategy, Fiscal Policies, and Community Engagement
OVERVIEW STATEMENT:
recommendation
During the April 14, 2026, study session, Council was presented with the latest drafts of the updated Long-Range Financial Strategy and Fiscal Policies documents. Both documents are being refreshed as part of the 2027-2028 budget process, and the updated versions will be adopted with the 2027-2028 biennial budget in late 2026. Council is being provided a framework for reviewing these draft documents.
Additionally, Council requested an update regarding community engagement for the 2027-2028 budget.
body
? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
o City of Redmond Long-Range Financial Strategy
o City of Redmond Fiscal Policies
* Required:
o City policies require routine updates to the Long-Range Financial Strategy
o City and State policies require routine updates to Fiscal Policies
* Council Request:
o During the April 14, 2026, study session, Council discussed the need for a formal plan for reviewing the Long-Range Financial Strategy and the Fiscal Policies.
o During the April 14, 2026, FAC Committee of the Whole meeting, Council requested follow-up discussions regarding community outreach and engagement for the 2027-2028 biennial budget.
* Other Key Facts:
The review and update process for the Long-Range Financial Strategy and Fiscal Policies is included in the biennial budget process. The current update is significant, and it is important to review the recommended changes with City Council.
OUTCOMES:
Council's review of...
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