Mukilteo Beacon - Your Hometown News Source

By David Pan
Beacon reporter 

Revenues to take a hit due to coronavirus

City does not expect expenditures to increase

 
Series: Coronavirus | Story 69

Last updated 4/29/2020 at 12:11pm



The City of Mukilteo's budget is going to take a major hit as a result of the COVID-19 pandemic.

The main impact likely will be in the form of lower revenues rather than increased expenditures.

Finance Director Michelle Meyer provided some of the details in a 2020 budget update during a city council meeting Monday, April 20.

But the full scope of the revenue shortfall won't be known for months.

"The thing to communicate the most from my perspective is the fact that there's so much we do not know yet because of how quickly this has changed," Meyer said. "We don't even know an end date yet."...



For access to this article please sign in or subscribe.



 
 

Reader Comments
(1)

Charlie Pancerzewski writes:

The second largest revenue source was mentioned but not the largest source--property tax due April 30, extended to June 1. Some may decide not to pay it, electing to incur penalties and interest. It will ultimately be collected years later, leaving the City, school district and SnoIsle with significant current operating shortfall. Hotel tax, parking revenue, real estate excise tax will also be much less than Budgeted. Time to address this following the Council Policy called GAP now being ignored

 
 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020

Rendered 09/01/2020 07:32