News from Budget
Jun 09, 2026
City of Tacoma Presents Updated Financial Forecast as Next Step in ‘Roadmap to Recovery’ to Navigate National Economic Pressures
Today, the City of Tacoma’s Finance Department presented an updated financial forecast for the 2027-2028 Biennial Budget. Following the recent introduction of the City’s “Roadmap to Recovery”—a proactive,…
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 PromotionsÂ
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 UncertaintyÂ
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…
Oct 28, 2025
City Council Approves Mid-Biennium Budget Modifications to Bolster Public Safety, Community Services, and Infrastructure
The City Council has approved mid-biennium budget modifications for 2025-2026 as part of a planned and transparent process to ensure the City’s finances align with current community…
Oct 14, 2025
Mid-Biennium Budget Modification (Mid-Mod) Update Frequently Asked Questions
Mid-Biennium Budget Modification (Mid-Mod) Update FAQ Background When was the City of Tacoma’s Biennial Budget was adopted? At the December 10, 2024, City Council meeting,…