Mayor Jenny Durkan has proposed a $6.5 billion Seattle budget that the City Council is reviewing before expected adoption in late November.
The city’s steadily-increasing spending plan compares to the current adopted $5.9 billion dollar budget. The new plan would stress investments in transit, education and housing. As a measure of the city’s growth rate, Durkan’s proposal represents spending nearly 45 percent higher than the city’s $3.9 billion spending plan in 2012.
The Seattle Times reports Durkan was able to propose a spending increase from selling South Lake Union property for $143.5 million and from larger-than-anticipated revenues from the city’s tax on soda drinks.
You can follow the City Council’s budget meeting schedule here.
Sources include Seattle Times