August 18, 2014
New: August 18, 1:15 p.m.
The Issaquah School District will receive an additional $5.4 million from the state government, which equates to revenue growth of less than 1 percent in the 2014-15 school year.
Public school districts and the state Legislature continue to battle over the McCleary decision from 2012, which said lawmakers weren’t fully funding basic education costs, and called for them to rectify the situation. Read more
August 13, 2014
New: Aug. 13, 11:14 a.m.
With little comment or discussion, the Lake Washington School board unanimously approved a budget for the next school year at its Aug. 4 meeting.
The board had discussed the $378 million spending plan at its June 23 meeting when it heard a presentation on the draft budget.
The vast majority of the district’s funding, about 64 percent, comes from the state. Local levy dollars represent about 22 percent, federal funding 5.5 percent, and the rest comes from fees and other sources. Read more
August 13, 2014
In the past year, voters in the Lake Washington School District twice rejected proposed bonds to help pay for needed school improvements. The reasons were many, but they boiled down to voters not trusting the district to spend the money efficiently.
Last week, when the district held its public hearing on the annual budget, there was not one single comment from the public.
Naysayers, where were you? Read more
July 3, 2014
New: July 3, 11:17 a.m.
After years of difficult budget times, the Lake Washington School Board heard a proposal for a budget that calls for new spending and restoration of old programs and positions.
At the June 23 board meeting, Barbara Posthumous, the district’s director of business services, laid out an overview of the district’s draft $378 million spending plan. Read more
May 27, 2014
New: May 27, 2:45 p.m.
Sammamish is flush with cash.
The 2013 budget numbers are in, and expenditures were below what was budgeted, while revenue was above projections, Finance Director Joe Guinasso told the City Council May 20.
Total expenditures for 2013 were budgeted at a bit more than $53 million, but only $35.7 million was spent – almost 33 percent under expectations. Read more
November 18, 2013
New: Nov. 18, 3:13 p.m.
Sammamish is taking in more and spending less than expected, Finance Director Joe Guinasso told the City Council Nov. 5.
Guinasso is expecting Sammamish to see its reserve fund increase by about $7.4 million by the end of the year, bringing its total to more than $42 million. For the fifth straight year, the city is not proposing an increase in its property tax levy. Read more
August 31, 2013
New: Aug. 31, 1:14 p.m.
The Issaquah School Board unanimously passed the district’s 2013-14 budget Aug. 28, and the $183 million expense sheet includes the restoration of a few services and programs that had been cut in recent years.
Like the state’s other public school districts, Issaquah was forced to complete its budgeting process later than normal because of the state Legislature’s extended special session that ran until June 29. Read more
August 22, 2013
The Lake Washington School Board unanimously approved its 2013-14 budget on Aug. 6. The $426 million spending plan includes new state revenue, and has left district officials, who are facing a projected revenue shortfall in 2018, wondering just what to do with some of it.
“What is the best use of funds in the short term, knowing what we have coming in the long term?” asked Superintendent Traci Pierce.
The state provides about 52 percent of the district’s budget. Another 22.5 percent comes from local tax levies, with the remainder coming from federal funds, user fees and other funding sources. Read more
July 10, 2013
Through no fault of the Lake Washington School District, this year’s proposed budget was little more than guesswork. The district gets the vast majority of its funding from the state. Since the state had not yet passed a budget by the school board’s June 24 budget presentation, about the only certain thing was that some of the numbers would change.
“This is why we teach them to use imaginary numbers in trig,” joked Board member Chris Carlson. Read more
May 10, 2013
New: May 10, 1:15 p.m.
“Detroit would kill for this kind of financial picture,” said Mayor Tom Odell at the May 7 Sammamish City Council meeting. Odell and the rest of the council had just heard a presentation on the city’s financial position, including the final report on the 2012 budget.
Joe Guinasso, Sammamish’s finance director started off with the big picture that is the envy of almost anyone who’s done a budget. City revenues in 2012 were 21.9 percent over budget while expenditures were 30.8 percent under budget. Read more