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
TITLE:
title
Public Hearing on 2025-2026 Biennial Budget: Property Tax Levy and Other Revenue Sources
OVERVIEW STATEMENT:
recommendation
This is the second of four public hearings related to the 2025-2026 biennial budget. The purpose of this public hearing is to gather feedback on the proposed tax and fee increases in the preliminary 2025-2026 biennial budget. Public Hearings are a chance for Council and staff to hear the priorities of the community as a budget is developed for the next biennium.
body
? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
N/A
* Required:
Public hearings are required under Revised Code of Washington (RCW) 84.55 and RCW 35.34 allowing the community to give public testimony on the upcoming budget.
This public hearing on the property tax levy and other revenue sources for the coming fiscal biennium is required under RCW 84.55.120: The legislative body must hold a public hearing on revenue sources for the coming year's budget, including consideration of possible increases in property tax revenues, prior to the property tax certification deadline.
The City is required to hold at least three public hearings during the budget development process: 1) property tax levy and other revenue sources; 2) preliminary budget; and 3) final budget. Because the Capital Improvement Program and Business Technology Investment Program are critical components of the budget development process, an additional public hearing is dedicated to these programs.
* Council Request:
N/A
* Other Key Facts:
N/A
OUTCOMES:
Public hearings provide a formal opportunity for public testimony regarding the preliminary 2025-2026 bienn...
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