This afternoon, Mayor Tim Burgess delivered his proposed 2018 budget to his former colleagues on the City Council. Let’s dig in.
Fasten your seat belt. By the end of the day Monday we may have another new Mayor, and the Council may be working an appointing a new colleague. Plus: budget work begins, the Uptown rezone wraps up, and more.
Michael van Dyck is the City of Seattle’s Director of Debt Financing. He saved the city $19 million today. Here’s how he did it.
(several updated incorporated below — thanks to Kirstan Arestad, Director of the Council’s Central Staff, for her helpful feedback)
In a couple of weeks the City Council will drop nearly everything and spend the next two months hammering out the 2018 city budget. Budget committee chair Tim Burgess has published a schedule for how the Council members and their staff will spend that time.
UPDATED: see below
This afternoon the City Council plans to decide whether to divert $2.3 million of surplus funds from the Families and Education Levy to cover Seattle Public Schools’ busing costs for switching from a 3-tier to a 2-tier schedule. And the debate is getting ugly.
There was one big item on Monday afternoon’s Full Council agenda: the soda tax. But before the Council could get to it, it took a ten-minute digression into a tense debate on whether to throw some money at the Seattle Public School District to help it dig out of some of its problems.
This morning, the City of Seattle held auctions for a handful of bond issuances. It did very, very well, and that matters.
Wednesday morning, the Council took up its quarterly update to the city’s budget. Normally these discussions are an excellent cure for insomnia, and the first quarter update especially so since it involves retroactive cleanup of last year’s budget, rolling over small amounts of leftover funds from the pervious year’s budget, accepting grants, and correcting all the mistakes and oversights in last fall’s eight-week-long annual budget development marathon as well as any new projects that need to be funded (like $46,000 to reopen five wading pools at city parks this summer). But a bit of grandstanding by Council member Sawant brought some drama to the deliberations this time.
Monday, Council member Herbold will introduce a resolution affirming the city’s intention to pass an income tax ordinance by mid-July.
This morning the City Council got a briefing from the City Budget Office on the national and regional economic outlook, and what it means for the city budget. As predicted last year, things are beginning to cool off.