Washington

Yo_Mama_Been_Loggin

(115,339 posts) Thu Apr 27, 2023, 07:51 PM Apr 2023

King County faces $100 million revenue shortfall, blames limit on property tax collections

King County leadership is warning of a $100 million revenue shortfall by 2025 due to a limitation on property tax collections.

The county expects the shortfall to impact the 2025-26 general fund, which could impact programs and services supporting the region's health and safety.

Though the general fund is about $1.2 billion, most of that revenue goes toward state-mandated programs and services, according to King County Executive Dow Constantine. That means programs and services relying on discretionary funding are at risk. According to the county, that includes:

Public Health clinics that serve low-income residents in Auburn, Bellevue, Federal Way, Kent, Kirkland, Renton, Seattle, and White Center.

-more-

https://www.msn.com/en-us/money/realestate/king-county-faces-100-million-revenue-shortfall-blames-limit-on-property-tax-collections/ar-AA1arBp1

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King County faces $100 million revenue shortfall, blames limit on property tax collections (Original Post) Yo_Mama_Been_Loggin Apr 2023 OP

I can't understand how they get themselves into these messes. jimfields33 Apr 2023 #1

jimfields33

(18,900 posts)

1. I can't understand how they get themselves into these messes.

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Apr 27, 2023, 08:13 PM

Apr 2023

It’s not like they didn’t know how much property taxes they get from year to year. Most years it increases. They need to be more careful at balancing the books. This is embarrassing for a county.

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