City Plans for Revenue and Expense Crossover

    Officials are beginning to plan now for a long-term revenue shortfall that they say is an inevitable part of being a new city and could strike in the next 10 years. As the city matures and continues building infrastructure, the cost of maintaining that infrastructure will rise, shrinking the gap between the city’s revenue and expenses over time.

    The crossover point where expenses begin to rise above revenue is currently estimated at the 2017-2018 budget year, but a prolonged downturn in the housing market could make it happen sooner, city officials said at a financial retreat meeting June 12.

    Published in the Sammamish Review. Read the story.