This week the Seattle City Council held a discussion on the six-year projections for the city’s budget, and issued a memo summarizing the situation. Last fall as part of writing the 2022 city budget, the city developed financial forecasts for the General Fund portion of the budget: the dollars with …
Continue readingCategory: Budget
How Seattle Spent its ARPA Federal Funds
Last week the City Budget Office provided an update on the “Seattle Rescue Plan,” how the city is spending the nearly $300 million of federal American Rescue Plan Act funds that it has received. I hope you found this article valuable. If you did, please take a moment to make …
Continue readingCity of Seattle Economic Forecast and Revenue Update
Last week the city’s new Office of Economic and Revenue Forecasts presented its April update to its forecast of the city’s economic situation, and of its revenue forecast for city government for 2022. The city’s employment recovery is finally catching up with national levels, though the leisure and hospitality sectors …
Continue reading