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