Mukilteo Beacon - Your Hometown News Source

Letter: More financial history


October 11, 2017

Councilmember Randy Lord’s historical snapshot of Mukilteo’s finances during his 12-year term left out important facts. He stressed that City funds have not been sufficient to pay for customary city services, saying, “We significantly cut our budgets across the board for years and are now underfunding most of our departments.”

At 12/31/07 our general fund had a $7.3 million surplus, and our Real Estate Excise Tax Funds (REET) had a $10.8 million surplus – this year ending with $4.3 million and $2.5 million, respectively.

If Mukilteo cut its budgets across the board for years, how...

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