Tacoma News Update: Budget Strategies and City Initiatives
News from Finance
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May 12, 2026
City Manager Hyun Kim Details “Roadmap to Recovery” Addressing City’s General Fund Deficit and Modernizing Operations
Facing a $27 million structural deficit in Tacoma’s General Fund, City Manager Hyun Kim presented a data-driven recovery plan.
City Council, City Manager’s Office, Finance
May 11, 2026
City Manager Hyun Kim to Present “Roadmap to Recovery” on May 12
During the City Council’s Study Session, the plan aims to address fiscal challenges proactively.
City Council, City Manager’s Office, Finance
Apr 07, 2026
City of Tacoma Implements Strategic Freeze on Hiring and Promotions
A temporary freeze on hiring and promotions aims to ensure fiscal responsibility.
City Manager’s OfficeApr 02, 2026
City of Tacoma Recognized for 39th Consecutive Year with Highest Honor in Governmental Financial Reporting
The city earned the Certificate of Achievement for Excellence in Financial Reporting.
FinanceMar 04, 2026
Independent Financial Agencies Upgrade City of Tacoma’s Bond Ratings Amid Economic Uncertainty
Moody’s and Fitch Ratings upgraded Tacoma’s municipal bonds.
City Council, City Manager’s Office, Finance
Jan 06, 2026
City Council Approves 0.1% Criminal Justice Sales & Use Tax to Enhance Community Safety
The tax aims to fund public safety initiatives.
City Council, City Manager’s Office, Finance
Dec 05, 2026
FAQs on Proposed 0.1% Criminal Justice Sales & Use Tax
Investing in a safer Tacoma requires addressing budget shortfalls and modernizing public safety systems.
City Council, City Manager’s Office, Finance, Fire, Police
Nov 05, 2026
Planned System Outages in November 2026
Update: SAP System Upgrade Completed Successfully.
Environmental Services, Finance, Information Technology, Tacoma Public Utilities
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