The Red Ink Flows... Our beautiful City of Sammamish faces a serious financial challenge affecting every resident: * 2025 Budget Gap: $10,319,000 deficit ($57,287,000 in revenues vs. $67,606,000 in expenses) * 2030 Projected Overspending: $20,747,000 * 2030 Projected Funding Balance Deficit: $24,099,000 This persistent red ink has already led to new taxes for residents: * A 6% utility tax has been implemented. * A potential Metropolitan Park District tax is being considered to fund park expenses. Will Town Center Costs Exceed Revenues? The current Town Center plan (2008 Plan as Amended in 2020) allows for 2,000 housing units. The plan includes some information about the costs City taxpayers will bear: Infrastructure Cost-Sharing With Developers *The Town Center plan states infrastructure will be "funded jointly" between the City, service providers, and private developers, but the exact cost distribution remains unclear: *"Infra...
Comments
Post a Comment
Join the discussion, but anonymous trolling is not allowed. Feel free to disagree, but be polite. Name-calling, sarcasm, condescension, and aggression will result in your comment being removed.