Puyallup City Banks Property Tax Capacity to Fund New Public Safety Building
Puyallup city leaders are leveraging a little-known provision that allows them to bank property tax capacity to address rising budget shortfalls, with plans to use this capacity to fund a new public safety building. As property taxes in Pierce County remain a concern, experts discuss how this practice affects individual homeowners and the rarity of its use among local governments. The article highlights the implications of this financial strategy for residents and the city's fiscal health.