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INFORMATIONAL MEMO <br />Page 6 <br />What this means is that Tukwila is a very different city that it was in the early 1980's. <br />Significantly higher residential population and many more businesses. Increases in <br />population lead to increased demand for City services. <br />kiiig County GMA Pro)ectiori and Estimate tracking <br />3,000,000 <br />2:„500„0 00 <br />.,000,00O <br />1,500,000 <br />t..,iciounco <br />' 00,C O <br />"'" PepiAtitt,IQr <br />.wwww 317 Me l'um <br />j7 Nth <br />(Sources: 1980 US Census Report for King County data, 2020 April 2022 Washington State Office of <br />Financial Management for Tukwila data) <br />Tukwila Population Characteristics <br />Tukwila experienced significant growth in number of households and persons per <br />household, up 303% in 2022 from 1980, which increases the services required by <br />residents that City staff is accountable to fulfill. <br />Tukwila <br />Population <br />Characteristics <br />1980 <br />2022 <br />% Growth <br />Persons <br />per <br />Household <br />Population <br />Population <br />1980 - 2022 <br />Tukwila <br />3,578 <br />22,620 <br />532% <br />King County <br />1,269,749 <br />2,269,675 <br />79% <br />(Sources: 1980 US Census Report for King County data, 2020 April 2022 Washington State Office of <br />Financial Management for Tukwila data) <br />Tukwila Population Characteristics <br />Tukwila experienced significant growth in number of households and persons per <br />household, up 303% in 2022 from 1980, which increases the services required by <br />residents that City staff is accountable to fulfill. <br />Tukwila <br />Population <br />Characteristics <br />Median <br />Age <br />Total # of <br />Households <br />% Increase <br />of <br />Households <br />by 2021 <br />Persons <br />per <br />Household <br />% Increase of <br />Persons in <br />Households by <br />2021 <br />1980 <br />29.2 <br />1,812 <br />N.A. <br />1.9 <br />N.A. <br />2021 <br />36 <br />7,302 <br />303% More <br />2.76 <br />45% More <br />(Sources: 1980 US Census, 2020 US Census, Current Washington State Office of Financial Management <br />QuickFacts.) <br />Effects of Inflation <br />Inflation affects everyone in multiple ways (positive and negative). <br />• Purchasing power is reduced. For governments, this means increased costs of <br />providing services and capital projects <br />• Inflates interest rates. Borrowing is more expensive <br />• Economic inequality is increased. The lower the wage the harder the impact. <br />• Increases the cost of living <br />• Stimulates short-term growth. <br />