spot_imgspot_img

King County still faces future cuts despite new proposed taxes in 2025

spot_img

(The Center Square) – King County Executive Dow Constantine announced his 2025 budget proposal that could balance revenues and expenditures, but cuts still loom in the future.

The proposed 2025 budget totals about $10.2 billion, with the general fund projected to receive $1.16 billion in revenue. Constantine’s proposed budget also includes one-time funding from salary savings.

The county was tasked with addressing a $50 million general fund budget deficit in May 2023. Washington state law requires counties to adopt a balanced budget.

Constantine said the general fund budget is not sustainable and is projected to be out of balance by about $150 million by 2026. Major budget reductions are expected after 2025 as a result.

“Without new revenue sources, future budgets will require significant cuts,” Constantine said in a news release. “Those cuts would directly, negatively impact the people of King County.”

The cuts would mostly come from human services and criminal justice functions, according to the county.

The budget itself states that the “crisis is one year away,” as King County’s general fund is heavily dependent on the property tax. In the proposed 2025 budget, 56% of net general fund revenue comes from property taxes.

Constantine recently proposed a modified county hospital tax of 8.5 cents per $1,000 of assessed property value that would raise an estimated $74.6 million for the 2025 budget.

Out of the generated funds, $25 million would go to 11 public health clinics spread across the county, and eliminate the need for them to be covered by the county’s general fund.

The 8.5-cent tax would cost the owner of a median-priced King County home an additional $75 a year.

This proposed tax is included in the 2025 budget proposal.

The county is doing an annual budget for 2025 and will revert to biennial budgets for 2026-2027 and beyond. This comes as a result of voters approving a proposal to shift King County elections from odd-numbered years to even-numbered years to increase turnout.

The King County Council is anticipated to vote on the 2025 budget in November.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

VIDEO: PennDOT defends ‘love’ for all transportation amid SEPTA woes

(The Center Square) – PennDOT Secretary Mike Carroll casts...

State grants assist $13.7M expansion in Charlotte by RXO

(The Center Square) – More than $2 million in...

Illinois watchdog issues report on dangerous toys, recalls and other threats

(The Center Square) – A consumer watchdog group is...

DEA to hold hearing on plan to loosen federal marijuana restrictions

The Drug Enforcement Administration plans to hold a formal...

CDC Reports Mixed Trends in STD Rates

(AURN News) — New data released by the Centers...

Gov. Inslee proposes new DCYF facility to address overcrowding issue

(The Center Square) – Gov. Jay Inslee proposed opening...

More like this
Related

VIDEO: PennDOT defends ‘love’ for all transportation amid SEPTA woes

(The Center Square) – PennDOT Secretary Mike Carroll casts...

State grants assist $13.7M expansion in Charlotte by RXO

(The Center Square) – More than $2 million in...

This Day in History: Celebrating the Birth of Legendary Tina Turner in 1939

The world knew her as Tina Turner, but the...

Audit: Louisiana student assistance program had inaccurate reporting in 2023

(The Center Square ) — The Louisiana Office of...