November 19, 2013
Highlighted pieces of the mayor’s proposed budget faced a City Council chopping block before they reached a final public hearing.
A plan to remodel the Tibbett’s Creek Manor kitchen, funding for a city business marketing plan and a feasibility study for a city campus were all voted down in the Nov. 7 council work session.
After extended conversations, in which the phrase “financial sustainability” was repeatedly used, the council asked the city’s Finance Department to lop $300,000 off the draft budget. Finance Director Diane Marcotte said the council created the figure with the end of 2014 in mind.
November 12, 2013
Issaquah could hike property taxes for the first time in eight years.
The mayor’s proposed budget includes a 1 percent increase, the maximum allowed under state law. The increase would add just over 1 cent per thousand to the tax rate, which would mean an annual increase of $3.83 on a $440,000 home if passed. The city last pursued an increase in 2006.
“Inflation has been incurring year after year,” Finance Director Diane Marcotte said, giving a rate of 1.9 percent annually. “I think the mayor wanted to include the 1 percent property tax because it helps to offset the increase of inflation.”
It would add an estimated $70,000 in revenue to city coffers.