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Tacoma City Council Presents Long Range Financial Forecast and 2023-2024 Biennial Budget

Tacoma, WALocal News

On June 11, 2024, the Tacoma City Council held a study session to present the Long Range Financial Forecast, a key component of the city's financial planning. The discussion centered on the 2023-2024 Biennial Budget, adopted on November 22, 2022, which emphasizes public safety and affordable housing as part of a commitment to enhance Tacoma's livability through innovative solutions and strategic investments. The Capital Facilities Plan (CFP) outlines a vision for capital projects over the next six years, ensuring alignment with the city's Comprehensive Plan as required by the Growth Management Act. As the Planning Commission reviews the 2025-2030 CFP, it highlights ongoing efforts to involve the community in shaping future developments. This article serves as an important update for Tacoma residents, showcasing the city's proactive approach to addressing critical needs while maintaining fiscal responsibility and transparency in budget development processes.

These initiatives reflect Tacoma's dedication to sustainable growth and improving residents' quality of life.

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