Mukilteo Beacon - Your Hometown News Source

By David Pan 

Capital projects may be curtailed due to lower real estate revenues

REET receipts are down by 70%


Last updated 9/18/2023 at 11:17am

The City’s budget is taking a major hit due to the slowdown in real estate sales.

REET (real estate excise tax) receipts are down by 70% year-to-date compared to 2022 and are not showing any signs of improvement.

REET is generated by the sales o...

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