The city of Spokane Valley looks to have a productive year in 2018, as the City Council approved a $77.4 million budget at last week’s meeting.
The budget, which has been under council review since early last summer, anticipates a bit over $42.6 million in revenue to come into the general fund and $34.7 in other funds. There is also expected to be about a $1.5 million surplus.’
There will also be no increase in Spokane Valley property taxes, as the council – for the ninth year in a row – refused to approve an allowed 1-percent increase.
On the expenditure side, the city expects to spend roughly $21.5 million -- $15.2 of which comes from federal and state grants.
The city anticipates spending just over $11.1 million in street capital projects in 2018, and almost $2.5 million in park capital projects.
Pavement preservation is expected to run about $963,000, which will come from the general fund.
Almost $3 million will be spent on railroad grade-separation projects.
Finally, $850,000 has been designated for stormwater management and aquifer protection.
The full-time Spokane Valley employee count for 2018 is expected to be 89.25, up slightly from 2017’s 87.75. A part-time attorney will be added, and a limited-term position will be upgraded to full time in the Street Capital Projects Fund.