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...
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