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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Sammamish City Council Retreat agenda now available

The agenda for the Sammamish City Council Retreat Jan. 14-16 is now available here.

The Retreat begins at 5pm Thursday, the 14th, and continues to noon Saturday, the 16th. It’s at the Murano Hotel in Tacoma, not especially close to Sammamish but not over the Snolqualmie Pass, either. Officials did look into closer locations but these had already been booked. Previous Retreats were held at the Suncadia Lodge in Roslyn.

Sammamish Comment will attend. Look for posts each day.