Citizen committee to study funding options for Issaquah transportation projects

August 4, 2015

NEW — 10:35 a.m. Aug. 4, 2015

By November, the city administration plans to name a resident advisory committee to study and propose a ballot issue to raise up to $96 million for Issaquah transportation projects.

The city could go to voters with anything from a bond sale to a local sales tax. Of the several options presented, a 0.20 percent sales tax would rake in the most, about $75 million, according to information presented by city Finance Director Diane Marcotte.

City officials hope to have something on the ballot by November 2016.

To be named by Mayor Fred Butler, the advisory committee will begin meeting either late this year or early in 2016. Butler expects a recommendation to present to council by mid-2016.  Officials have not determined how many people will serve on the committee, said Emily Moon, deputy city administrator. The City Council will have the last say on any ballot issue and will need to vote to present any question to voters. Read more

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City Council cuts $300,000 in projects from mayor’s budget

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.

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Property tax increase included in 2014 budget

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.

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