City Of Redmond In Excellent Financial Shape

The City of Redmond's Director of Finance, Ms. Files, gave a every encouraging monthly finance report to council on January 24th.1. All city departments are under budget.2.

Revenues are up 13% owing to one-time revenue from taxes on construction projects.3. Expenditures are lower owing to:

- $3M economic contingency fund adjustment.

- $6M salary and benefit savings owing to turnover pay.

- $2M adjustment of one-time project monies in the general fund.

Source: Council Committee of the Whole meeting, 1/24.

Posted by Bob Yoder, Redmond Neighborhood Blog