Where Does the Citys General Fund Come From?

The article provides a detailed analysis of Spokane Valley's General Fund revenue sources, with sales tax and property tax accounting for an estimated 81% of the recurring revenues projected for 2025. Specifically, the city receives only 0. 85% of the sales tax collected in the area, while a significant portion is allocated to state and regional agencies. The property tax structure reveals that the city retains 8. 4% of the total collected, and the City Council has chosen not to implement the annual 1% increase permitted under state law for 16 consecutive years.

This long-standing decision indicates a commitment to maintaining stable tax rates for residents while addressing local financial needs. Detailed distributions show that the largest property tax district supports various local services, including schools and public safety. The article emphasizes the importance of transparency in tax allocations and encourages residents to engage with local governance. By understanding how their taxes are distributed, citizens can better appreciate the funding mechanisms that support community services. This financial landscape is crucial for fostering informed civic participation and accountability in local government.