Mukilteo Beacon - Your Hometown News Source

Heads would roll


Last updated 5/9/2012 at Noon

Depending on who you listen to, you may be under the impression that the city is managing its finances well because we are staying within our budget, revenue sources are at or exceeding budget expectations, and we have a plan in place to eliminate the budget “gap” within the next couple of years.

But it’s not quite that easy, and the path we’re currently on will cost you money and decrease services.

There are basically two areas of the city’s 2012 budget that have deficit spending: the general fund and the REET1 (Real Estate Excise Tax) fund.

While the city uses the term “gap...

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