Spokane Valley officials are closely monitoring financial trends as they prepare for the 2026 budget, with year-to-date revenue collections down approximately 3%. Current projections estimate total revenues for 2025 to fall between $1.3 million and $1.37 million, prompting a cautious approach to future budgeting.

During the recent TPA Commission meeting, a representative indicated that the 2026 budget is still in development, maintaining a revenue projection of $1.3 million. This figure may be adjusted based on the ongoing financial performance throughout 2025. Expenditures for the upcoming budget are anticipated to be between $1.7 million and $1.8 million, influenced by rollover amounts from the current year.

In addition to budget discussions, the meeting highlighted a report on local hotel occupancy, which has seen a 3% decrease year-over-year, alongside a 2% decline in average daily rates. These trends reflect broader economic challenges that may impact future revenue streams.

As Spokane Valley navigates these financial waters, officials remain committed to maintaining a 25% reserve balance for cash flow purposes, ensuring stability as they adapt to changing economic conditions.