City finances need attention, public daylight | Guest View
Last updated 5/13/2020 at 12:03pm
A month ago my letter to the editor described some areas of financial impact on Mukilteo from COVID-19 and urged the Mayor and Council to identify and analyze those impacts and formulate a plan to deal with them.
The Mayor and her Finance Director made limited presentation to Council in their electronic meeting call, guessing how much lost revenue they expect, assuming a 10% reduction for some taxes and fees. Their guestimates of 2020 General Fund revenue shortfall totaled $793,000.
They considered the number two revenue source – sales tax, and a few other taxes and fees like parking fees...