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City of Tukwila <br />Thomas McLeod, Mayor <br />INFORMATIONAL MEMORANDUM <br />TO: Finance and Governance Committee <br />FROM: Aaron BeMiller, Finance Director <br />CC: Thomas McLeod, Mayor & Marty Wine, City Administrator <br />DATE: August 25, 2025 <br />SUBJECT: 2026 Mid -biennium Budget Process <br />ISSUE <br />As provided in State law, the City Council adopts a biennial budget every two years, with the <br />new biennial budget beginning on an odd numbered year. Like many Cities, the biennial budget <br />adopted by City Council is constructed and viewed as two one-year budgets. Between the first <br />year of the current budget (2025) and the second year (2026), the Mayor will propose changes <br />to the 2026 budget. This process is called the Mid -biennium Adjustment and is important for <br />adjusting the 2026 budget for any known and necessary changes from the time the 2026 budget <br />was adopted in late 2024. These changes include but are not limited to adjusting CPI, <br />healthcare, and retirement rate assumptions, carry-over or new initiatives that were unplanned <br />at the time of adoption, and any other updates necessary for City operations/obligations. <br />BACKGROUND <br />The Mid -biennium adjustment is underway and below is a draft timeline for the Council process: <br />2026 Mid -Biennium Adjustment Ordinance <br />08/25/25 — FIN Committee — Discussion only <br />10/06/25 — Regular Meeting — Mayor's presents his 2026 Proposed budget changes <br />10/20/25 — Regular Meeting — 1st Public Hearing & discussion <br />10/27/25 — FIN Committee — Discussion only <br />11/03/25 — Regular Meeting — 2nd Public Hearing & discussion <br />11/10/25 — COW Meeting — Further discussion opportunity <br />11/17/25 — Regular Meeting — Further discussion opportunity & potential adoption <br />11/24/25 — Special Meeting (if necessary) — Budget adoption <br />2026 Property Tax Collection Ordinance <br />10/20/25 — Regular Meeting — Public Hearing <br />10/27/25 — FIN Committee — draft ordinance for review <br />11/10/25 — COW Meeting —Discussion <br />11/17/25 — Regular Meeting - Adoption <br />FINANCIAL IMPACT <br />Discussion item only. There is no financial impact associated with this agenda item. <br />RECOMMENDATION <br />Discussion item only. There is no recommendation currently for future action. <br />ATTACHMENTS <br />None. <br />5 <br />