This week the city’s economic forecast office issued a new report with an updated economic forecast and revenue predictions, in advance of the fall budget season.
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Revenue Stabilization Workgroup report
Today the City of Seattle’s Revenue Stabilization Workgroup released its final report listing its recommendations for new progressive revenue sources.
Continue readingState economic review update
The Washington State Economic and Revenue Forecast Council has released its June 2023 economic review notebook. Unemployment in the state is now down to 4.1%.
Continue readingSPD Q1/2023 Staffing Report
This week the City Council’s central staff delivered its first-quarter report on SPD’s staffing and response times.
Continue readingCity economic forecast and revenue update
The City of Seattle’s Office of Economic and Revenue Forecast has published an update. Total General Fund revenues are approximately on-track , though the individual line-items vary. However, 2023 Payroll Tax revenues are projected to be $30 million less than originally budgeted, with Real Estate Excise Tax revenues down another …
Continue readingCourt annuls seven Waterfront LID assessments
Last week a King County Superior Court judge annulled the City of Seattle’s Waterfront LID assessments on seven properties, after those property owners appealed the assessments. The judge found that the city’s process of calculating assessments was fundamentally flawed, and arbitrary and capricious; that the Hearing Examiner misapplied the presumption …
Continue readingCity of Seattle ARPA funds spending update
This week the Seattle City Council is hearing an update on how the city has spent the hundreds of millions of dollars of federal COVID relief funding granted to it through the American Rescue Plan Act.
Continue readingNon-profit social worker wage equity study
Last month the city released a report it commissioned on wage equity for social workers at nonprofits in Seattle. According to the report, there continues to be a significant wage gap for human services workers compared to other industries.
Continue readingWashington state March 2023 economic forecast
The State of Washington has published its March 2023 economic forecast. It makes for interesting reading given the current mixed signals as to whether the country will enter a recession this year.
Continue readingKing County Regional Homeless Authority proposed 5-year plan
The King County Regional Homeless Authority has published a proposed 5-year plan, which it was required to create under the charter that created the agency. The proposed plan has been received coolly so far, mostly due to its large price tag.
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