Lynnwood faces 'substantial budget shortfall,' mayor says
EVERETT — The city of Lynnwood is facing a substantial budget shortfall, Mayor Christine Frizzell announced at a City Council meeting Monday.
The city ended 2024 with a $4.2 million deficit in its end-of-year fund balance, carrying the deficit into this year, Frizzell said. In addition, financial reports through June show a $5.2 million gap between general fund revenues and expenditures.
When the city adopted its 2025-26 budget, leadership expected more growth in 2025, particularly from the light rail station that opened in August, finance director Michelle Meyer said. But the city has seen lower than expected revenue from sales tax and construction permits.
“We were really expecting the opening of light rail to have an impact on our revenues, not just sales tax, which is the biggest one, but also that continued development in the area, and that’s just not what we’re seeing,” Meyer said.
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