MRSC Insight Blog
Posts for June 2013
It's come to my attention that cities and towns sometimes do not notify their county (as well as fire and library districts, where applicable) when they annex territory. Notification to the county treasurer and assessor is required by state law, and lack of notification will prevent some property tax revenues collected from annexed territories from reaching their annexing cities and towns.
Using past recessions as a guide, the rule of thumb is that the recovery in local government revenues will lag 18 to 24 months behind the low point of a recession, but in Washington the lag may be shorter for some jurisdictions.
The 2013 legislature extended the time period for filing a final plat up to 10 years from the date of preliminary plat approval, depending on when the preliminary plat was approved and whether the plat is subject to the Shoreline Management Act.
Historians are going to look back at this time in our nation’s history and shake their heads at the opportunities cities, counties, states, and school districts failed to capitalize on. With interest rates at the...