City of Spokane 2025-2026 Budget Overview Executive Summary
BudgetAI Summary
The City of Spokane proposed a $2.5 billion budget for 2025-2026, shifting to a biennial budgeting approach to promote long-term financial stability after inheriting a $60 million structural deficit. The budget prioritizes public safety, housing, and economic development, with personnel costs representing 85 percent of operating expenses; the city reduced staffing by 22 FTE positions to help manage costs while maintaining conservative revenue projections of 2-2.9% sales tax growth and the 1% allowable property tax increase. The General Fund comprises approximately $535.2 million (22 percent of total budget) to support core services including police, fire, streets, parks, recreation, and the library system.
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The March 2024 financial report for the City of Spokane shows the General Fund performing favorably through the first quarter, with revenues at $24.5 million (2.0% above budget projections) and expenditures at $53.6 million (3.7% below budget). The amended 2024 budget totals $245.9 million in revenues and $244.3 million in expenditures, reflecting adjustments including $3.1 million in ARPA funding transferred back to the General Fund for police vehicle purchases. The report notes that the city uses cash accounting during the year, with figures potentially changing significantly when moving to modified accrual accounting at year-end.
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Mayor's 2023 Proposed Budget
Nov 2, 2022