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2023-2024 Biennial Budget Development

2023-2024 Biennial Budget Development

  

City Council Adopts 2023-2024 Biennial Budget on November 22, 2022

On November 22, 2022, the City Council spoke with a unified voice in adopting the 2023-2024 biennial budget. Public safety and affordable housing form the core of the budget, enhancing Tacoma’s livability with innovations and investments to address these critical needs. The adopted budget will be posted here when it is finalized.

 

Background and 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 looked at all options to address the gap including revenue options and service reductions. Staff presented the proposed budget on October 4, 2022, at the City Council Study Session.

 

View the Proposed 2023-2024 Biennial Budget Book

 

Where do your property taxes go?


Where do your property taxes go

 

Where do your sales taxes go?
 

Where do your sales taxes go 

 

 

Departments proposal presentations:

Opportunities for Community Feedback


Balancing Act

  • Since the proposed budget's presentation to City Council on October 4, staff updated the Balancing Act tool, which is also referenced below under Community Engagement and Outreach. Community members were able to provide feedback until November 6. Staff then compiled that feedback and provided an update to the City Council on November 8

Town Halls 

  • City staff held a virtual community town hall which will include an overview of the Balancing Act tool and an opportunity for community members to ask questions about the proposed budget on October 27.
  • Council Members held three virtual Community Town Halls on the proposed budget.
    • Monday, October 24 from 6  - 7 PM: District 5 Council Member Joe Bushnell and District 2 Council Member Sarah Rumbaugh, and At-Large Council Member Kristina Walker
    • Thursday, October 27 from 9 – 10 AM: Mayor Victoria Woodards
    • Thursday, November 3 from 6 – 7 PM: District 3 Council Member Keith Blocker, At-Large Council Member Olgy Diaz,  District 1 Council Member John Hines, Deputy Mayor and District 4 Council Member Catherine Ushka

Public hearings on the proposed budget, along with Ad Valorem and Emergency Medical Services, took place on Tuesday, November 1 and Tuesday, November 15. The proposed budget was 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'

Online, one of the tools we used 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 were available on the Balancing Act web page. 

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 six-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