News from Finance
May 12, 2026
City Manager Hyun Kim Details ‘Roadmap to Recovery’ Addressing the City’s General Fund Deficit and Modernizing City Operations
Faced with a projected $27 million structural deficit in the City of Tacoma’s General Fund that is anticipated to grow in the upcoming biennium, City Manager Hyun Kim has presented…
May 11, 2026
City Manager Hyun Kim to Present ‘Roadmap to Recovery’ on May 12
During the City Council’s Study Session at noon on May 12, City Manager Hyun Kim will present the Roadmap to Recovery – a proactive, data-driven strategy designed to…
Apr 07, 2026
City of Tacoma Implements Strategic Freeze on Hiring and Promotions
As part of its ongoing commitment to fiscal discipline and the responsible stewardship of public funds, the City of Tacoma today announced a proactive, temporary freeze on General…
Apr 02, 2026
City of Tacoma Recognized for 39th Consecutive Year with Highest Honor in Governmental Financial Reporting
The City of Tacoma has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association for its 2024 Annual Comprehensive Financial…
Mar 04, 2026
Independent Financial Agencies Upgrade City of Tacoma’s Bond Ratings Amid Broader Economic Uncertainty
The City of Tacoma has received positive upgrades to its municipal bond credit ratings from two major financial evaluation agencies — Moody’s and Fitch Ratings — moving its…
Jan 06, 2026
City Council Approves 0.1% Criminal Justice Sales & Use Tax to Enhance Community Safety and Support Vital Services
The Tacoma City Council has approved a 0.1% Criminal Justice Sales & Use Tax (also referred to as the Public Safety Sales Tax). This funding mechanism is designed…
Dec 05, 2025
FAQs on Proposed 0.1% Criminal Justice Sales & Use Tax
INVESTING IN A SAFER TACOMA Tacoma faces a dual challenge: a projected budget shortfall that threatens essential services and an urgent need to modernize our public safety system.
Nov 05, 2025
Planned System Outages in November 2025
UPDATE POSTED 11/24/25: SAP System Upgrade Successfully Completed The City of Tacoma has successfully completed the upgrade of its primary business and financial software system, a major milestone…