File #: KCFC2024-05    Version: 1
Type: KCFC Resolution Status: Passed
File created: In control: King County Forecast Council
On agenda: Final action: 8/28/2024
Enactment date: Enactment #: KCFC2024-05
Title: A RESOLUTION adopting the 2025 economic forecast for King County.
Attachments: 1. KCFC Resolution KCFC2024-05 & Attachment A - DOCUSIGN, 2. A. August 2024 King County Economic and Revenue Forecast, 3. FC Briefing Outline (August 2024), 4. KC Forecast Transmittal (2024-08-23)final, 5. Aug 2024 Presentation final(8_27_2024)

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A RESOLUTION adopting the 2025 economic forecast for King County.

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                     WHEREAS, the King County Charter requires the chief economist to prepare and submit an updated official economic and revenue forecast at least one hundred-seventy days prior to the end of each year to be used as the basis for the proposed budget, and

                     WHEREAS, the chief economist has prepared both preliminary and an updated forecast for 2025,

                     NOW, THEREFORE, BE IT RESOLVED BY THE KING COUNTY FORECAST COUNCIL:

                     The forecast council hereby adopts the 2025 economic and revenue forecast, prepared in August 2024, as set forth in Attachment A to this resolution.