Herald Article on Lynnwood Fiscal Challenges

May 30, 2010 at 7:59 am Leave a comment

To support our work effort, I will be doing reconnaissance on issues and conditions in Snohomish County throughout the project.

A recent Snohomish County Herald article speaks to fiscal challenges facing the City of Lynnwood. It could be relevant to the financial ability of  local governments to support countywide and community economic vitality/economic development (EV/ED) efforts in the future. This situation can be interpreted a number of different ways relative to Project Concentrus:

Herald News Article Link: http://www.heraldnet.com/article/20100525/NEWS01/100529940/-1/rss02

Possible interpretations:

1. Could be argued that Lynnwood will need to rely more on countywide ED/EV resources in the future.

2. Could be argued that Lynnwood will be less able to support ED/EV efforts (its own or countywide) in the near term.

3. Could be argued that Lynnwood needs to encourage more ED/EV that pays its own way, and does not burden city financial coffers.

4. It appears the city is already raising taxes. How will this decision impact the Lynnwood’s future competitiveness for business investment?

5. This article supports Project Concentrus’ objective to leverage available economic development funding and increase the return on investment (ROI) from public and private sector funding.

I share this as an illustrative example to get us all thinking about local government fiscal conditions, and how they impact future economic vitality in Snohomish County. Are other local governments in Snohomish County facing similar fiscal threats?

What thoughts does this article spark in your mind?

Advertisements

Entry filed under: Local Government Fiscal Conditions, Lynnwood Washington, Snohomish County Reconnaissance. Tags: , , , .

National League of Cities on Local Government Finances

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Archives

Calendar

May 2010
M T W T F S S
    Jun »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 17 other followers


%d bloggers like this: