Tag Archives: Seattle Budget Office

Seattle Budget Office’s Economic Forecast Highlights Continued City Revenue Decline in 2020 and 2021

by Emerald Staff 


On Monday, Seattle’s Budget Office released some dire economic forecasts and revenue projections, which showed an additional $26 million reduction to the City’s 2020 General Fund revenue, relative to the June forecast, and is now projecting a total 2020 General Fund revenues of $1.19 billion, down from the adopted 2020 budget of $1.5 billion.

The Budget Office says that when combined with the loss of other revenue streams that support a variety of basic municipal services, it now anticipates $337 million less revenue, when compared to the 2020 Adopted Budget. This represents a revenue shortfall of 19%. 

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