City of Sammamish issued the following announcement.
Last night the City Council approved the 2021-22 biennial budget submitted by the City Manager with two City Council approved amendments.
The $108.1 million 2-year general operating budget was amended by a reduction of expenses as identified by the City Manager in the amount of $6 million.
In addition, two revenue-generating amendments were passed by City Council:
- taking half of the banked capacity accumulated over the past eleven years,
- approving a 1% increase over the 2020 tax levy,
Use of the banked capacity and the 1% increase approved by the City Council work out to an increase of approximately $70 per year in property tax for a home valued at $900,000.
The updated budget details will be shared here once available.
Original source can be found here.
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