Spokane Valley Online
The Spokane Valley News Herald
City of Spokane Valley, WA
Council OKs 2018 budget

11/24/2017

By MIKE HUFFMAN
Managing Editor

 

The city of Spokane Valley looks to have a productive year in 2018, as the City Council approved a $77.4 million budget at last week’s meeting.

The budget, which has been under council review since early last summer, anticipates a bit over $42.6 million in revenue to come into the general fund and $34.7 in other funds. There is also expected to be about a $1.5 million surplus.’

There will also be no increase in Spokane Valley property taxes, as the council – for the ninth year in a row – refused to approve an allowed 1-percent increase.

On the expenditure side, the city expects to spend roughly $21.5 million -- $15.2 of which comes from federal and state grants.
The city anticipates spending just over $11.1 million in street capital projects in 2018, and almost $2.5 million in park capital projects.

Pavement preservation is expected to run about $963,000, which will come from the general fund.

Almost $3 million will be spent on railroad grade-separation projects.

Finally, $850,000 has been designated for stormwater management and aquifer protection.

The full-time Spokane Valley employee count for 2018 is expected to be 89.25, up slightly from 2017’s 87.75. A part-time attorney will be added, and a limited-term position will be upgraded to full time in the Street Capital Projects Fund.

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TheSpokane Valley News Herald
is the City of Spokane Valley, Washington's official Newspaper. The City Council of the City of Spokane Valley, Washington named the Spokane Valley News Herald as the city's "official" newspaper. The designation means the Spokane Valley News Herald will publish the city's legal notices on a contract basis for one year.

E-mail: vnh@onemain.com
Phone: (509) 924-2440