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~ Spokane Mayor Lisa Brown has presented her first budget proposal, which aims to address the city's structural deficit and put it on a path towards fiscal sustainability. The budget also tackles important issues such as public safety, homelessness, and the opioid crisis, while identifying cost-saving measures to meet community needs.
Over the past few years, Spokane's financial health has been in decline. The use of one-time funds for long-term investments, depletion of unallocated reserves by $12.3 million, and diversion of funding for capital projects have all contributed to a projected 2025 General Fund deficit of $25 million and a biennium deficit of $50 million. However, Mayor Brown and her team have worked diligently over the past 11 months to identify efficiencies and make targeted reductions in order to present a balanced budget.
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The proposed budget not only balances each year but also ensures that unallocated reserve levels are maintained and even enhanced. Additionally, funding sources for long-term capital projects will be restored. "I am excited to put forward a budget that is not only balanced but puts the City of Spokane back on track to fiscal stability, all while making critical investments in our collective future," said Mayor Brown.
This achievement would not have been possible without the hard work and dedication of Mayor Brown's team and the city's workforce. Their sacrifices and efforts have been essential in making this progress possible. "Crafting a balanced budget is about more than numbers – it is about ensuring the City's financial health while aligning resources with community needs," said Chief Financial Officer Matt Boston.
The 2025-2026 budget overview and Mayor Brown's budget message are attached with this release for further details. The mayor's proposed budget reflects a commitment to fiscal responsibility and lays a solid foundation for sustainable growth and improved resources for the city of Spokane.
Over the past few years, Spokane's financial health has been in decline. The use of one-time funds for long-term investments, depletion of unallocated reserves by $12.3 million, and diversion of funding for capital projects have all contributed to a projected 2025 General Fund deficit of $25 million and a biennium deficit of $50 million. However, Mayor Brown and her team have worked diligently over the past 11 months to identify efficiencies and make targeted reductions in order to present a balanced budget.
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The proposed budget not only balances each year but also ensures that unallocated reserve levels are maintained and even enhanced. Additionally, funding sources for long-term capital projects will be restored. "I am excited to put forward a budget that is not only balanced but puts the City of Spokane back on track to fiscal stability, all while making critical investments in our collective future," said Mayor Brown.
This achievement would not have been possible without the hard work and dedication of Mayor Brown's team and the city's workforce. Their sacrifices and efforts have been essential in making this progress possible. "Crafting a balanced budget is about more than numbers – it is about ensuring the City's financial health while aligning resources with community needs," said Chief Financial Officer Matt Boston.
The 2025-2026 budget overview and Mayor Brown's budget message are attached with this release for further details. The mayor's proposed budget reflects a commitment to fiscal responsibility and lays a solid foundation for sustainable growth and improved resources for the city of Spokane.
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