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2023-2024 Biennial Budget Development

2023-2024 Biennial Budget Development

 

Updates on Budget Development

Given that the City’s six-year budget forecast indicates that expenses will grow faster than revenues in the General Fund over the next biennium – and the 2023-2024 deficit in the General Fund is currently projected to be $24 million, staff is looking at all options to address the gap including revenue options and service reductions. Staff will present the proposed budget on October 4, 2022, at the City Council meeting.

 

Upcoming Dates

 

The City Manager will propose the 2023-2024 Biennial Budget to the City Council on Tuesday, October 4, 2022. Throughout the month of October 2022, the City Council will receive budget briefings from departments, and City staff will conduct public outreach to gather community feedback on the proposed budget.

 

Departments will present their proposals on the following dates:

  • October 4, 2022: City Manager 
  • October 11, 2022: Environmental Services, Tacoma Public Utilities, Public Works 
  • October 18, 2022: Tacoma Fire, Community and Economic Development, Neighborhood and Community Services 
  • October 25, 2022: Tacoma Public Libraries, Tacoma Police, Planning and Development Services 
  • November 1, 2022: Internal Services: Finance, Human Resources, Information Technology, Media and Communications, Office of Equity and Human Rights, Office of Health and Safety 

Opportunities for community feedback are as follows: 

  • The Balancing Act tool will temporarily close on September 27 and will be available again on October 4 after the 2023-2024 Biennial Proposed Budget is presented to the City Council.
  • Dates for three virtual Community Town Halls on the Proposed Budget (expected to be held between October 24 – November 4) will be released as that information is finalized and available.

The 2023-2024 Biennial Budget will be considered for adoption on Tuesday, November 15, 2022 (first reading) and Tuesday, November 22, 2022 (final reading). 

 

Community Engagement and Outreach

 

Community Engagement and Outreach at Local Farmers Markets 

Starting in June 2022, we began community engagement on the 2023-24 Biennial Budget at the Broadway and Eastside Farmers Markets. Thank you to everyone who shared their thoughts with us at these events!

 

Developing a Balanced Budget With ‘Balancing Act'

Learn more about our biennial budget development process and the many ways you can get involved in person or online to help inform what our 2023-2024 Biennial Budget will look like. Online, one of the tools we will be using to gather quantitative data is called Balancing Act. It allows you to play with budget scenarios by making increases or decreases to service levels as you try to balance the City’s General Fund budget. Multiple languages are now available on the Balancing Act page. Information on upcoming Balancing Act workshops will also be posted here. 

Capital Facilities Plan 

In addition to the City's operating expenses, the City Council also considers allocation of resources for substantial investments. These investments, often called capital projects, are planned over a 6-year horizon through a document called the Capital Facilities Plan (CFP). This document is mandated by the Growth Management Act (GMA) and shows the City's desired projects, available resources, and alignment with the Comprehensive Plan. To review the 2021-2026 Adopted Capital Facilities Plan, please click here.

 

For the 2023-2028 CFP, the project list is currently under consideration by the Planning Commission. Please see the attachments below for further information regarding the project list. All attachments regarding projects proposed for inclusion in the 2023-2028 CFP can be found in the dropdowns below, including:

  • A list of all proposed projects
  • New projects
  • Detailed project information
  • Removed projects
  • Future projects
  • Agenda item F-1 Memo for the public hearing on proposed projects

 

 

Executive Summary, Reader's Guide, and Q&As

Capital Facilities Plan: New Project Report

Capital Facilities Plan: All Projects

Capital Facilities Plan: Detailed Project Information

Capital Facilities Plan: Removed Project List

Capital Facilities Plan: Future Projects

Capital Facilities Plan: Agenda Item F-1 Memo