King County faces $100 million revenue shortfall, blames limit on property tax collections

[Yo_Mama_Been_Loggin]

King County leadership is warning of a $100 million revenue shortfall by 2025 due to a limitation on property tax collections.

The county expects the shortfall to impact the 2025-26 general fund, which could impact programs and services supporting the region's health and safety.

Though the general fund is about $1.2 billion, most of that revenue goes toward state-mandated programs and services, according to King County Executive Dow Constantine. That means programs and services relying on discretionary funding are at risk. According to the county, that includes:

Public Health clinics that serve low-income residents in Auburn, Bellevue, Federal Way, Kent, Kirkland, Renton, Seattle, and White Center.

-more-

https://www.msn.com/en-us/money/realestate/king-county-faces-100-million-revenue-shortfall-blames-limit-on-property-tax-collections/ar-AA1arBp1

[jimfields33]

1. I can't understand how they get themselves into these messes.

It’s not like they didn’t know how much property taxes they get from year to year. Most years it increases. They need to be more careful at balancing the books. This is embarrassing for a county.