Go Back

City of Kenmore Financial Sustainability Plan 2024

Share City of Kenmore Financial Sustainability Plan 2024 on Facebook Share City of Kenmore Financial Sustainability Plan 2024 on Twitter Share City of Kenmore Financial Sustainability Plan 2024 on Linkedin Email City of Kenmore Financial Sustainability Plan 2024 link

Welcome to the Online Open House for Kenmore's Financial Sustainability Plan


This page is a community space to review and discuss Kenmore's 2024 Financial Sustainability Plan. Thank you for joining the conversation!

This site is an inclusive space that encourages diverse voices and perspectives. Participants on this site should communicate respectfully and professionally. Please take a moment to read the Ground Rules for participating on this page.



Background: What's the problem?

Due to the state-imposed 1% limit on property tax growth, high inflation, relatively flat growth in other revenues, unfunded state and federal mandates, and other factors, the City’s operating revenues are not keeping pace with the cost of doing business. As a result, the City of Kenmore faces an upcoming structural deficit in its operating budget (General Fund and Street Fund) and will need to revise the Financial Sustainability Plan that was adopted in 2020.



Financial Sustainability Plan Task Force: Who is helping to solve the problem?

The City of Kenmore has mobilized a Financial Sustainability Plan (FSP) Task Force to serve from January 2024 to April 2024. The advisory Task Force is learning more about the City’s financial forecast and budget, soliciting input from the community, deliberating solutions, and writing an advisory report to the City Manager. The City Manager will then write a report to the City Council with his recommendations. It is comprised of nine Kenmore residents and/or Kenmore business owners, many of whom have professional experience in accounting or financial management. See the list of FSP Task Force members under "Who's Listening", to the right.


How can YOU help?

  • Share your feedback using tools below. Ask City staff a question or share your ideas with fellow community members.

  • Help prioritize how the City spends its revenues using the Balancing Act budget simulator below. Feedback will be collected until April 8.
    Watch this short video tutorial for a simple walk through of the Balancing Act tool:


  • Attend the Financial Sustainability Plan Town Hall on April 3 from 6:30 p.m. to 8:30 p.m. at City Hall.

  • Send your feedback and ideas directly to mmerrell@kenmorewa.gov.

Welcome to the Online Open House for Kenmore's Financial Sustainability Plan


This page is a community space to review and discuss Kenmore's 2024 Financial Sustainability Plan. Thank you for joining the conversation!

This site is an inclusive space that encourages diverse voices and perspectives. Participants on this site should communicate respectfully and professionally. Please take a moment to read the Ground Rules for participating on this page.



Background: What's the problem?

Due to the state-imposed 1% limit on property tax growth, high inflation, relatively flat growth in other revenues, unfunded state and federal mandates, and other factors, the City’s operating revenues are not keeping pace with the cost of doing business. As a result, the City of Kenmore faces an upcoming structural deficit in its operating budget (General Fund and Street Fund) and will need to revise the Financial Sustainability Plan that was adopted in 2020.



Financial Sustainability Plan Task Force: Who is helping to solve the problem?

The City of Kenmore has mobilized a Financial Sustainability Plan (FSP) Task Force to serve from January 2024 to April 2024. The advisory Task Force is learning more about the City’s financial forecast and budget, soliciting input from the community, deliberating solutions, and writing an advisory report to the City Manager. The City Manager will then write a report to the City Council with his recommendations. It is comprised of nine Kenmore residents and/or Kenmore business owners, many of whom have professional experience in accounting or financial management. See the list of FSP Task Force members under "Who's Listening", to the right.


How can YOU help?

  • Share your feedback using tools below. Ask City staff a question or share your ideas with fellow community members.

  • Help prioritize how the City spends its revenues using the Balancing Act budget simulator below. Feedback will be collected until April 8.
    Watch this short video tutorial for a simple walk through of the Balancing Act tool:


  • Attend the Financial Sustainability Plan Town Hall on April 3 from 6:30 p.m. to 8:30 p.m. at City Hall.

  • Send your feedback and ideas directly to mmerrell@kenmorewa.gov.
Share Property taxes, the largest share of the City's revenue, can increase 1%/year, while inflation recently has been as high as 9%. This means the City can't maintain service levels and keep the budget balanced. What is the best way to address this deficit? on Facebook Share Property taxes, the largest share of the City's revenue, can increase 1%/year, while inflation recently has been as high as 9%. This means the City can't maintain service levels and keep the budget balanced. What is the best way to address this deficit? on Twitter Share Property taxes, the largest share of the City's revenue, can increase 1%/year, while inflation recently has been as high as 9%. This means the City can't maintain service levels and keep the budget balanced. What is the best way to address this deficit? on Linkedin Email Property taxes, the largest share of the City's revenue, can increase 1%/year, while inflation recently has been as high as 9%. This means the City can't maintain service levels and keep the budget balanced. What is the best way to address this deficit? link

Property taxes, the largest share of the City's revenue, can increase 1%/year, while inflation recently has been as high as 9%. This means the City can't maintain service levels and keep the budget balanced. What is the best way to address this deficit?

Maintain current city service levels by allowing taxes to keep up with inflation
64%
Keep taxes the same and cut service levels each year
18%
Use a combination of service cuts and tax increases to cover the structural deficit
18%
Total Votes : 141
Vote
Page last updated: 28 Mar 2024, 01:33 PM