2013–2014 BIENNIAL BUDGET - the City of Tukwila

2013-2014 Biennial Budget City of Tukwila, WashingtonCity of Tukwila6200 Southcenter Boulevard • Tukwila, Washington • 98188Tel 206-433-1800 • www.tukwilawa.govJim Haggerton, MayorJanuary 7, 2013To the Tukwila City Council and Community:The Six-Year Financial Planning Model and Capital Improvement Program (CIP) document isintended to be utilized with the City’s biennial budget to help plan the future direction of the City. Aswith the budget, the CIP is a guide that reflects the City’s future resources and goals at the time ofplanning. The CIP represents the commitment of ongoing efforts by elected officials and City staffmembers to build long-term strategies that are sustainable for Tukwila.In order to gain a better understanding of this detailed document, a brief overview of the 2013-2018Financial Planning Model and Capital Improvement Program components are included immediatelyfollowing this brief introduction.In summary, the City will generally be able to meet its operations and maintenance requirements aswell as the base capital needs. The outcome of the items listed below will have an impact on thegeneral government fund, as well as the enterprise funds’ ability to meet program goals.• Actual growth of the Tukwila economy• Operating costs exceeding revenue growth, i.e. controlling costs• Ability to secure federal and state grants for large infrastructure projects• Continued receipt of state shared revenues, such as the sales tax mitigation money that offsetslost sales tax revenue and liquor revenuesMany of the factors outlined in the overview on the following pages have been factored into the Six-Year Financial Planning Model & Capital Improvement Program. We are diligently working on theabove items that we can directly influence.I am optimistic that we will be able to continue to move projects forward as we build for Tukwila’stomorrow.Sincerely,Jim HaggertonMayorPage 340