After several months of deliberation and public testimony, the Bellevue Council adopted a 2017-18 Operating Budget and 2017-23 Capital Improvement Program. This year, the Chamber focused its input on the Operating side; here are a few general observations
- The operating budget contains a modest projected growth rate of 3% per year or 6% for the 2017-18 Biennium.
- The cost of government expressed by taxes as a percentage of personal income remains constant at 2.4%. This tracks with the project inflation rate for 2017 of 2.4%, slightly up from 2.2% in 2016.
- The Chamber applauds the decision not to raise general property taxes, and to “bank” the difference between the implicit price deflator (IPD) amount of .95% and the maximum 1% aggregate property tax increase allowed under state law.
For additional details, see our letter to the Bellevue Council below dated December 2, 2016.