AUG. 12, 2019 UPDATE
CITY COUNCIL BUDGET RETREAT - AUG. 15

The Newcastle City Council will take a look at preliminary revenue and expenditure forecasts, and discuss the 2020 budget during a retreat Aug. 15, from 8:30 a.m. to 4:30 p.m. in the Council Chambers at Newcastle City Hall. The annual City Council retreat is a normal part of the budgeting process that sets the stage for the City Manager’s October presentation of the preliminary budget for the following year. 
This year, the Council also will discuss strategies to resolve Newcastle’s forecasted long-term financial challenges. View the retreat agenda packet in the document container folder labeled Aug. 15 Budget Retreat below.

JUNE 25, 2019 UPDATE
FISCAL SUSTAINABILITY STUDY SESSION - JULY 2

Newcastle's City Council will continue work on developing a Fiscal Sustainability Plan to ensure Newcastle’s long-term financial stability at a study session Tuesday, July 2, starting at 4 p.m., at Newcastle City Hall. Stay informed about the fiscal sustainability process by attending the study session, and share your thoughts during the open public comment period provided during the regular City Council meeting, which starts at 7 p.m. Meeting materials will be posted in the document container below, when available.

JUNE 18, 2019 UPDATE

TOWN HALL MEETING

More than 200 people joined us at The Golf Club at Newcastle for the annual Town Hall meeting. This year, the presentation focused on the Council's work to develop a Fiscal Sustainability Plan. We'll post meeting materials in the document container below in the folder labeled June 18 Town Hall meeting, when available.

MAY 17, 2019 UPDATE
FISCAL SUSTAINABILITY PLAN WORKSHOP MATERIALS

The meeting materials from the May 14, 2019, Fiscal Sustainability Plan workshop are now available. Listen to the meeting audio, review a copy of the meeting slideshow and view the agenda packet in the document container below in the folder labeled May 14 Fiscal Sustainability Workshop.

MAY 9, 2019 UPDATE
FISCAL SUSTAINABILITY PLAN WORKSHOP

The meeting packet for the May 14 Fiscal Sustainability Plan workshop is now available. You can view the packet, which includes the full plan draft, in the document container below under the Fiscal Sustainability Plan Documents folder.

MARCH 25, 2019
NEWCASTLE PREPARES FOR THE FUTURE WITH FISCAL SUSTAINABILITY PLAN

The City Council is acting now to ensure Newcastle’s long-term financial stability by preparing a Fiscal Sustainability Plan. A nationally-recognized firm will develop the plan to address forecasted financial challenges. As public safety costs continue to rise and development income slows down, city expenditures outpace incoming revenue, creating an annual structural deficit. That deficit is projected to rise to over $1 million in 2020, and increasing each subsequent year, if the city takes no action.

Management Partners will work with the City Council and staff to explore strategies that could resolve that identified gap. As part of this process, the firm will analyze a series of actions, from revenue enhancements and expenditure controls to service-level reductions and cost shifts.

“The Fiscal Sustainability Plan will provide Newcastle with the tools to face our financial challenges head-on,” said City Manager Rob Wyman. “This deep-dive examination of our city’s long-term financial health will help us make responsible decisions that ensure our community thrives for the foreseeable future.”

The City of Newcastle is committed to keeping residents informed and involved throughout this process. This webpage will serve as a hub for the latest information, meetings and documents. Bookmark newcastlewa.gov/fiscalplan to stay informed!

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