Lynnwood faces $10.7M budget shortfall by end of 2026

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EVERETT — The city of Lynnwood is on track to face a $10.7 million shortfall by the end of 2026, finance director Michelle Meyer told the City Council on Monday.

According to city policy, Lynnwood must have 2.5 months worth of operating expenses in its reserves, which is about $13 million in 2025 and $13.7 million in 2026. If the city doesn’t make any changes to its revenues or expenditures, it will be $4.1 million behind the 2025 requirement and $10.7 million behind the 2026 requirement.

On Monday, Mayor Christine Frizzell said the city is considering staff cuts to address its budget crisis.

“As our city grows, so does the number of employees as we respond to the needs we hear from our community,” she said. “Now that we are looking at scaling back some levels of service, unfortunately, we will need to reduce the number of associated personnel.”

https://www.heraldnet.com/news/lynnwood-faces-10-7m-budget-shortfall-by-end-of-2026/