Name: City of Seattle revenue forecast offers short-term hope, long-term concern
Uploaded: 2023-05-17T23:22:44Z
Channel: TEGNA

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City of Seattle revenue forecast offers short-term hope, long-term concern

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Description

An updated revenue forecast for the City of Seattle presented a mixed bag on Wednesday. On one hand, the city will have an additional $31.8 million in the general fund (GF) for 2023. This new money comes as a net of a planned $38 million reduction of the transfer from the JumpStart Fund (JSF) to the GF in 2023. The reduction comes due to better-than-expected 2022 GF financial results. Read more: https://www.king5.com/article/news/local/seattle/seattle-revenue-forecast/281-711bf439-7f49-445b-b86b-126a3df01b45

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KING

Keywords

seattle local news

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