Budget and Fiscal Management Committee
Hybrid Meeting
Agenda — 16 items
- 1 Hybrid Meetings: Attend King County Council committee meetings in person in Council Chambers (Room 1001), 516 3rd Avenue in Seattle, or through remote access. Details on how to attend and/or provide comment remotely are listed below. Pursuant to K.C.C. 1.24.035 A. and F., this meeting is also noticed as a meeting of the Metropolitan King County Council, whose agenda is limited to the committee business. In this meeting only the rules and procedures applicable to committees apply and not those applicable to full council meetings. HOW TO PROVIDE PUBLIC COMMENT: The Budget and Fiscal Management Committee values community input and looks forward to hearing from you on agenda items. There are three ways to provide public comment: 1. In person: You may attend the meeting and provide comment in the Council Chambers. 2. By email: You may comment in writing on current agenda items by submitting your email comments to kcccomitt@kingcounty.gov. If your email is received by 8:00 a.m. on the day of the meeting, your email comments will be distributed to the committee members and appropriate staff prior to the meeting. 3. Remote attendance at the meeting by phone or computer (see "Connecting to the Webinar" below). You may provide oral comment on current agenda items during the meeting’s public comment period.
- 2 You are not required to sign up in advance. Comments are limited to current agenda items. You have the right to language access services at no cost to you. To request these services, please contact Language Access Coordinator, Tera Chea at 206 477 9259 or email tera.chea2@kingcounty.gov by 8:00 a.m. three business days prior to the meeting. CONNECTING TO THE WEBINAR: Webinar ID: 867 1228 9077 By computer using the Zoom application at https://zoom.us/join and the webinar ID above. Via phone by calling 1 253 215 8782 and using the webinar ID above. HOW TO WATCH/LISTEN TO THE MEETING REMOTELY: There are several ways to watch or listen in to the meeting: 1) Stream online via this link: http://www.kingcounty.gov/kctv, or input the link web address into your web browser. 2) Watch King County TV on Comcast Channel 22 and 322(HD) and Astound Broadband Channels 22 and 711(HD) 3) Listen to the meeting by telephone – See “Connecting to the Webinar” above. To help us manage the meeting, if you do not wish to be called upon for public comment please use the Livestream or King County TV options listed above, if possible, to watch or listen to the meeting.
- 1 Call to Order
- 2 Roll Call
- 3 Approval of Minutes
- 4 Public Comment
- 7 Page Break
- 8 Discussion and Possible Action
- 5 AN ORDINANCE making a net supplemental appropriation of $107,283,000 to various general fund agencies, a net supplemental appropriation of $155,243,000 to various non-general fund agencies and a net supplemental appropriation of $253,447,701 from various capital fund budgets; and amending the 2025 Annual Budget Ordinance, Ordinance 19861, Sections 6, 6, 16, 16, 18, 20, 20, 29, 32, 33, 35, 41, 42, 42, 45, 46, 47, 48, 49, 50, 51, 52, 54, 55, 64, 71, 71, 79, 79, 80, 83, 83 90, 90, 91, 91, 94, 97, 98, 103, 104, 107, 108, 109, 109, 110, 114, 114, 115, 115, 121, 121, 123, and 130, as amended, and Attachment A, as amended, and adding new section to Ordinance 19861.
- 6 AN ORDINANCE amending Ordinance 19862, adopted by the council on November 19, 2024, which authorized the issuance of limited tax general obligation bonds of the county; and amending Ordinance 19862, Sections 1, 2, 4, 13, 17, and 19 and repealing Ordinance 19862, Attachment B.
- 7 AN ORDINANCE imposing an additional sales and use tax of one-tenth of one percent, as authorized in Section 201, Chapter 350, Laws of Washington 2025 for criminal justice purposes; providing for the use of the sales and use tax proceeds for eligible expenditures; and adding a new section to K.C.C. chapter 4A.500.
- 11 Page Break
- 12 Page Break
- 8 AN ORDINANCE authorizing the issuance and sale of one or more series of junior lien sewer revenue bonds and multi-modal limited tax general obligation bonds (payable from sewer revenues) of the county in an aggregate principal amount not to exceed $1,200,000,000 to provide funds for acquiring and constructing improvements to the sewer system and to pay the costs of issuing such bonds; authorizing the issuance and sale of one or more series of junior lien sewer revenue refunding bonds and multi-modal limited tax general obligation refunding bonds (payable from sewer revenues) of the county to refund outstanding obligations of the county payable from sewer revenues and to pay the costs of issuing such refunding bonds; reauthorizing the county’s existing commercial paper notes issued for sewer system purposes, in the aggregate principal amount not to exceed $250,000,000 outstanding at any time; pledging sewer revenues to pay the principal of and interest on junior lien sewer revenue bonds issued under this ordinance; pledging the annual levy of taxes and an additional pledge of sewer revenues to pay the principal of and interest on multi-modal limited tax general obligation bonds (payable from sewer revenues) issued under this ordinance; delegating authority to the county's Finance Director to approve the issuance and sale of junior lien sewer revenue bonds and multi-modal limited tax general obligation bonds (payable from sewer revenues) within specified parameters, to remarket and authorize the conversion of the interest rate mode of the bonds, to select one or more remarketing agents and/or commercial paper dealers and enter into, amend, extend or replace mode agreements, dealer agreements, credit enhancements, liquidity facilities, and related documents, as applicable; providing for the form, terms and covenants of the bonds issued under this ordinance; and provided for other matters relating thereto.
- 14 Other Business
- 15 Adjournment