Sammamish cash coffers will decline by 73% during the next two years, from $62m to $17m, as expenditures exceed revenues in the 2017-18 budget.
With major road projects being considered, and even without them, new taxes and/or debt seems to be inevitable.
The City Council last year approved the budget without any new taxes or debt, going into this year’s Council elections in November.
But forgoing new revenue means a burst of new taxes seems likely to stave off the so-called cross-over point when the City looks at a cash deficit. The current projection is that the crossover point will occur in 2020, according to the finance section in the Council packet, which may be found here.
Finances will be a part of the Council’s annual retreat, which begins Thursday night and continues through noon Saturday at the Murano Hotel in Tacoma. Finances are slated for discussion Saturday morning.



