Spokane, Washington $50 Million Short of Legal Obligation in General Fund
The Center Square YT
•May 25th, 2023
DESCRIPTION
The City of Spokane is facing some tough budgetary choices before the year is out. Current projections place the unallocated strategic reserve at $9.2 million in the red, and the targeted total for the general reserve, where $19.1 million remains, is nearly $50 million short of where it's legally obligated to be by city law. The meeting opened with Council President Breean Beggs highlighting the recent ordinance it passed to bring greater transparency and accountability to the budgeting process from the Mayor's office and quickly descended into numbers with the city's budget manager.
Never miss a video from The Center Square YT
Subscribe to get notified when new content drops.