Lynnwood facing a projected $8.2 million budget shortfall
By: Erin Freeman | Lynnwood Times Staff At its May 28 Special Finance Committee Meeting, the City Council received an update about the anticipated general fund shortfalls imposed by COVID-19 financial impacts, following the city’s finance team receiving sales tax information for March earlier that week. Finance Director Sonja Springer announced to the councilmembers that […]
Major financial impact anticipated for Lynnwood
Major financial impact anticipated for LynnwoodBy Erin Freeman | Lynnwood Times Staff The City of Lynnwood held a virtual special finance meeting on April 9 to discuss preliminary estimates of the financial impacts COVID-19 poses to the City of Lynnwood. “There’s a major financial impact that is anticipated to hit the general fund, mostly due to […]
