Finance director: City budget continues to be in good shape
Sales taxes 'only 5.7%' behind 2019 figures
Last updated 8/5/2020 at 8:26pm
Although the coronavirus pandemic continues to wreak havoc on municipal budgets nationwide, Acting Finance Director Dave Turley continues to report that Edmonds is in relatively good shape.
As he did in May, Turley presented an optimistic picture to councilmembers Tuesday, Aug. 4.
He noted that many area governments are experiencing revenue declines of 15% or more. Fortunately, repeating what he said in May, Edmonds is faring better than most of its neighbors. While overall Citywide revenues are behind last year's pace by $1.4 million, this represents only a 3% decrease compared to the same...