City of Kenmore Financial Sustainability Plan 2024
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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:
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:
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 FacebookShare 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 TwitterShare 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 LinkedinEmail 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
The City of Kenmore strives to be an open, inclusive and welcoming place for all. The City Council and staff are committed to prioritizing diversity, equity and inclusion and enacting change at the local level.
The City of Kenmore assures that no person shall, on the grounds of race, color, national origin, or gender, as provided by Title VI of the Civil Rights Act of 1964 and the Civil Rights Restoration Act of 1987, be excluded from participation in, be denied the benefits of, or be otherwise subjected to discrimination under any program or activity.
Furthermore, the City of Kenmore assures that no person shall, on the grounds of age, ethnicity, disability, sexual orientation, income or limited English proficiency, as provided by the legal statutes listed below, be excluded from participation in, be denied the benefits of, or be otherwise subjected to discrimination under any program or activity.
