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Lynnwood Mayor Submits 2015-16 Preliminary Budget

Last night, Lynnwood’s Mayor Nicola Smith delivered to City Council her Preliminary Budget for fiscal year 2015-2016. The City of Lynnwood has an adopted Biennial budget process which includes several steps in approving a final budget, which by State law, must be adopted no later than December 31, 2014.

Mayor Smith delivered her Proposed Preliminary Budget to the City Council on September 8, 2014. Since that time, City Council has heard presentations from each Department Director outlining their overall budget.These presentations also addressed budget pressures that Departments are currently experiencing and/or are anticipating in the near future. Finance Director Lorenzo Hines presented to City Council detailed information on this Budget’s anticipated revenues and expenditures, as well as the City’s Financial Policies.

The Mayor’s Preliminary Budget presented to City Council is the result of a combination of nearly $2.2 million in spending cuts coupled with suggested revenue enhancements. 

Public Hearing
On November 10, 2014 at 7pm, the Lynnwood City Council will hold a Public Hearing on the 2015-16 Preliminary Budget. This is an opportunity for the public to provide input and testimony regarding budgeting priorities and the preliminary budget.  

More information about the City’s budgeting process and timeline can be found on the Biennial Budget web page.