Funding gap: Council to continue working on budget
Last updated 11/18/2020 at 1:17pm
The Mukilteo City Council has more work to do on the 2021 final budget.
The city is projecting a $587,000 gap between revenues and expenditures based on the latest numbers presented by Mayor Jennifer Gregerson during Monday’s City Council meeting. In order to close that gap, the city would have to use $587,000 of the ending fund balance (reserves).
The projected gap was unacceptable to councilmembers, who spent most of Monday’s four-hour meeting discussing ways to reduce expenditures in order to lower the amount of ending fund balance that would have to be used. The city has a policy th...