City monitoring financial impacts of COVID-19
Last updated 7/8/2020 at 11:47am
The City of Mukilteo appears to be weathering the financial impacts of the COVID-19 pandemic better than some of its neighbors.
In her monthly report to the City Council June 29, finance director Michelle Meyer said that based on the latest numbers Mukilteo is facing a projected revenue shortfall that is the lowest among the three levels of the City’s gap closing policy.
Mukilteo has a longtime gap closing policy based on general fund expenditures over the general fund revenue. Gap focuses only on the general fund, but many of the City’s operational funds are dependent on the general f...