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Seattle transportation eyes $63.5M interfund loan amid massive cash flow issue

Summary by Nisqually Valley News
The Seattle City Council appeared reluctant on Wednesday to sign off on Mayor Katie Wilson’s proposal to “bail out” the transportation department with a $63.5 million interfund loan.​ The request comes alongside a proposed parking tax increase to address years of cash-flow issues in the Seattle Department of Transportation following the pandemic. Legislative analyst Traci Ratzliff told the council during Wednesday’s SDOT budget presentation that…

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Nisqually Valley NewsNisqually Valley News
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Seattle transportation eyes $63.5M interfund loan amid massive cash flow issue

The Seattle City Council appeared reluctant on Wednesday to sign off on Mayor Katie Wilson’s proposal to “bail out” the transportation department with a $63.5 million interfund loan.​ The request comes alongside a proposed parking tax increase to address years of cash-flow issues in the Seattle Department of Transportation following the pandemic. Legislative analyst Traci Ratzliff told the council during Wednesday’s SDOT budget presentation that…

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Nisqually Valley News broke the news on Thursday, October 15, 2026.
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