Retreat Preview: Financial crossover point estimated 2020-21; new taxes possible

Sammamish finances are trending toward a 2020-21 “crossover” point when expenses will outpaceCity_of_Sammamish revenues, according to an estimate by the City Staff prepared for the City Council Retreat. (See document page 195 of the City Council briefing packet.)

The Retreat begins at 5pm Thursday and continues through noon Saturday at the Murano Hotel in Tacoma.

This means that based on current data and estimates, Sammamish taxpayers could be looking at new taxes in the form of an increase in property taxes or implementation of a utility or business and occupation (B&O) tax.

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