Lacey Council adopts $224.95 million 2026 budget, continues use of reserves to bridge shortfall Council adopted Ordinance 16-93 setting the 2026 budget at $224,954,147 (general fund $74,396,916). Staff said the proposal maintains services while addressing a $3 million shortfall using reserves and a multi-year plan for revenue enhancements.

Lacey City Council has approved a $224.95 million budget for 2026, navigating a $3 million shortfall while prioritizing essential services and strategic economic growth.

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Lacey holds public hearing on 2026 revenue sources as city projects lower beginning cash and slower new construction City staff opened the first of three public hearings on the 2026 budget, telling the council that an updated county valuation for new construction was substantially lower than earlier estimates and that the general fund faces a roughly $14.7 million reduction driven primarily by lower beginning cash and transfers. Staff outlined components of the 1

Lacey's budget forecast for 2026 just took a hit, revealing a staggering $14.7 million shortfall due to lower-than-expected construction valuations!

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Lacey city manager presents $224.6 million 2026 budget; recommends using about $3 million in reserves City Manager Rick Watt told the Lacey City Council on Oct. 21 that the proposed 2026 budget totals about $224.6 million, is balanced on paper and relies on roughly $3 million from reserves. The presentation reviewed revenue pressures, proposed rate increases for utilities, capital priorities including the police station and regional athletic-comple

Lacey's proposed 2026 budget of $224.6 million is in the spotlight, balancing core services with the use of over $3 million in reserves amid rising costs and economic pressures.

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