Seattle's budget deficit projected to grow to $260M as revenue …

The tax is paid by Seattle businesses with at least $8.5 million in local annual payroll. The rate the businesses pay ranges between 0.7% and 2.4% on salaries and wages paid to Seattle …

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Seattle's Budget Deficit Projected To Grow To $260M As Revenue …

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The tax is paid by Seattle businesses with at least $8.5 million in local annual payroll. The rate the businesses pay ranges between 0.7% and 2.4% on salaries and wages paid to Seattle …

msn.com

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Seattle's Budget Deficit Projected To Grow To $260M As Revenue …

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Aug 9, 2024 · Seattle's budget deficit projected to grow to $260M as revenue falls - The Black Chronicle

blackchronicle.com

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Seattle’s Budget Forecast Worsens - The Columbian

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Aug 7, 2024 · News / Northwest Seattle’s budget forecast worsens Employment growth lags behind country; budget deficit to exceed $260M in 2025

columbian.com

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Budget Recap: Seattle City Council Approved $8.3B 2025 Budget, …

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Dec 10, 2024 · Seattle's budget season ended in dramatic fashion on Nov. 21, just before the Thanksgiving holiday, with the City skirting a fiscal cliff by plugging its roughly $260 million …

southseattleemerald.org

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Seattle’s Budget Forecast Worsens - The Seattle Times

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Aug 5, 2024 · Seattle’s total budget is just shy of $8 billion. Most of that includes the utility departments and is untouchable. The discretionary general fund is $1.7 billion.

seattletimes.com

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With $260 Million Gap, Seattle City Hall Prepares For Tense Budget ...

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Aug 22, 2024 · The budget deficit has been a cloud hanging over City Hall for the last year. Any new effort from the mayor or the two-thirds new Seattle City Council — on public safety, for …

seattletimes.com

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Seattle Mayor Staves Off Deep Cuts In $8.3B 2025 Budget Proposal

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Sep 25, 2024 · The specter of austerity has hung over Seattle for months now. With a projected 2025 budget deficit of at least $251 million, a reluctance by the mayor and new City Council to …

knkx.org

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Seattle's Budget Deficit Projected To Grow To $260M As Revenue Falls

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Aug 14, 2024 · Decreasing revenue projections have members of the Seattle City Council concerned about a likely $260 million budget deficit in 2025. Members of the Seattle Select …

dispatchnews.com

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Seattles Budget Deficit Projected To Grow To $260M As Revenue Falls

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Aug 8, 2024 · (The Center Square) – Decreasing revenue projections have members of the Seattle City Council concerned about a likely $260 million budget deficit in 2025. Members of …

brushwoodmedianetwork.com

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The City Of Seattle Is Staring At A $230 Million Deficit. How Did We ...

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Mar 22, 2024 · The City of Seattle is facing a big budget crunch this year, with the Mayor and City Council staring down a deficit of approximately $230 million. ... Seattle saw strong economic …

postalley.org

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Seattle's Budget Deficit Projected To Grow To $260M As Revenue Falls

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(The Center Square) – Decreasing revenue projections have members of the Seattle City Council concerned about a likely $260 million budget deficit in 2025. Members of the Seattle Select …

newsbreak.com

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2025-2026 Proposed Budget Summary - Seattle.gov

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In the 2024 Adopted Budget, the City’s General Fund – the most ﬂexible funding source – esmated a looming projected 2025 deﬁcit of $251 million or about 15 percent. The projected …

seattle.gov

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Seattle Mayor's Budget Makes Cuts To Reduce Deficit Gap

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Sep 25, 2024 · The Seattle City Council takes up deliberations Wednesday on Mayor Bruce Harrell’s $8.3 billion budget. The plan is aimed at closing a $250 million deficit. Harrell …

mynorthwest.com

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Survey Shows No Support For New Taxes As Seattle Faces Growing …

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Apr 11, 2024 · The Seattle Office of Economic and Revenue Forecasts presented new data on Monday that revealed that the city’s general fund is now expected to be $44.7 million higher …

washingtonexaminer.com

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How Will Seattle’s $230M Deficit Influence The 2025 City Budget?

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Mar 13, 2024 · The 2025 city budget is projected to have a deficit of at least $230 million, and city leaders say they need to take a different approach to writing next year’s budget. ... most of the …

cascadepbs.org

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Seattle’s Budget Deficit To Hit $260M As Revenue Declines, Council ...

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Aug 10, 2024 · Seattle, WA – Seattle is facing a growing budget deficit of $260M as its revenue continues to decline. Members of the Seattle City Council are expressing concern over a …

miamistandard.news

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Washington Lawmakers Look To Reduce Budget Deficit

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6 days ago · When lawmakers last left the capital, projections for how much expenditures would exceed expected revenue was around $5 billion over four years. The latest estimate from the …

kiro7.com

FAQs about Seattle's budget deficit projected to grow to $260M as revenue … Coupon?

Will Seattle have a $260 million budget deficit in 2025?

(The Center Square) – Decreasing revenue projections have members of the Seattle City Council concerned about a likely $260 million budget deficit in 2025. Members of the Seattle Select Budget Committee were briefed Wednesday on the latest economic forecasts for the city. ...

Is Seattle's budget deficit a cloud hanging over City Hall?

The budget deficit has been a cloud hanging over City Hall for the last year. Any new effort from the mayor or the two-thirds new Seattle City Council — on public safety, for example — has been tempered by the knowledge they would not likely find new money to fund their agenda come fall. ...

Will Seattle's deficit go up?

Members of the Seattle Select Budget Committee were briefed Wednesday on the latest economic forecasts for the city. The main takeaway: the deficit is predicted to go up from an estimated $245 million. ...

Will Seattle's budget lift be heavier this fall?

Seattle’s budget lift this fall is looking heavier, according to a new economic forecast, as commercial and sales taxes continue to drag down the city’s overall financial picture. Taken together, the city is likely to add another $7 million to its budget deficit next year, bringing the total to more than $260 million in 2025. ...

Does Seattle have a zero-based budget?

In a Feb. 21 presentation to the City Council, she said that while the city doesn’t have the technology to do true “zero-based budgeting,” in which they build each budget from the ground up regardless of prior spending, they’re asking directors to get as close to that as possible. Next: City Council amended Seattle’s $7.8B budget. ...

How can Seattle balance its annual budget?

Seattle is legally required to balance its annual budgets, but has relatively few tools with which to do so. City officials can cut staffing, programs and services; they can loosen restrictions on how certain taxes such as the Jumpstart payroll expense tax can be spent; and they can increase existing taxes or create new ones. ...