Potential B&O tax for Shoreline businesses - workshops Wednesday and Thursday

Tuesday, June 20, 2017

The City of Shoreline is considering implementation of a B/O tax on local businesses.

Business Outreach Workshops
The City of Shoreline will hold two workshop sessions to provide information on the City’s financial forecast and budget.

We encourage City of Shoreline businesses to attend and look forward to hearing your thoughts and ideas.

Workshop dates:
  • Wednesday, June 21 from 5:00 – 7:00pm 
  • Thursday, June 22 from 11:00am – 1:00pm 
  • Location: City of Shoreline Council Chambers, City Hall, 17500 Midvale Ave N 

The City of Shoreline, like most cities in Washington, faces a structural imbalance in funding core operations, where the cost of maintaining services is growing faster than the revenues available to support them.

In 2014, the City Council developed a 10 Year Financial Sustainability Plan that identifies seven strategies to help achieve financial sustainability over the 10 Year forecast.

Five of the seven strategies have been implemented, and the City forecasts sufficient revenues through 2021, primarily relying on a voter-approved levy lid lift that expires in 2022.

One of two remaining strategies to be implemented is engagement of the business community regarding the potential implementation of a business and occupation (B/O) tax.

For more information, contact Administrative Services Director Sara Lane, 206-801-2301.


Post a Comment

We encourage the thoughtful sharing of information and ideas. We expect comments to be civil and respectful, with no personal attacks or offensive language. We reserve the right to delete any comment.

Facebook: Shoreline Area News
Twitter: @ShorelineArea
Daily Email edition (don't forget to respond to the Follow.it email)

  © Blogger template The Professional Template II by Ourblogtemplates.com 2009

Back to TOP