Kirkland Hosts Budget Open Houses in September
City of Kirkland News Release
Kirkland Hosts Budget Open Houses in September
Financial Condition, Strategies to Balance Budget to be Presented
Kirkland, WA – The City of Kirkland is hosting two Budget Open Houses to share the City’s current and future financial condition, explain the challenges it faces for the upcoming biennium budget, and to discuss the proposed strategies that, if implemented, will balance the 2009-2010 Budget. Kirkland citizens and businesses are encouraged to attend the Open Houses set for Wednesday, September 17, Peter Kirk Community Center and Monday, September 29, Kirkland City Hall, from 7 to 9 p.m.
A revenue shortfall of over $13 million is projected for the 2009-2010 Budget. The shortfall represents more than 12 percent of the General Fund Budget which supports essential services such as police, fire, emergency medical, transportation and parks services. The General Fund is primarily supported by sales tax, which has declined over the past several months. Limited property taxes, the current economic downturn, and increased cost for basic goods and services are also negatively impacting the City’s revenue. The City has the ability to reduce costs, raise revenue and use reserves as ways to balance the budget.
Kirkland residents and businesses recently received a special edition of City Update, the City’s newsletter, which addresses how property taxes support general fund services and what sources of revenue the City receives to support those services. The publication also explains why there is a revenue shortfall in the upcoming budget and what strategies the City Council is considering to overcome the shortfall.
To stay informed about budget updates, visit the 2009-2010 Budget webpage at www.ci.kirkland.wa.us/budget , subscribe to receive the Kirkland Neighborhood E-Bulletin (www.ci.kirkland.wa.us) or host an informational meeting. For more information, contact Marie Stake, Communications Program Manager at 425-587-3021 or mstake@ci.kirkland.wa.us.
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Other than Police and Fire, each city department has been asked to come up with cutbacks to save 8% in budget costs. What actually gets axed and saved is another matter.
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