Ken Guy,
Finance Director
King County Executive Dow Constantine's proposed $617 million mid-biennial supplemental budget – transmitted to the King County Council today – includes $20 million for Climate Equity bonds for projects supporting frontline communities disproportionately affected by climate change. Other notable investments in the budget include:
"The past two years have proved what we've been saying: That we can’t wait – not on climate, not on early childhood education, and not on remaking public safety - and the investments in this budget will create a more equitable, just, prosperous King County,” said Executive Constantine. “We are focusing our funds on making transportation more efficient and accessible, ramping up Mental Illness and Drug Dependency treatment, prioritizing our environment through preservation and climate equity bonds, and investing in King County’s future."
The proposal also includes the restoration of reserves in the General Fund, Diversion Program fundsfor the imminent start of the program, and deployment of REET funds for the acceleration of culvert replacements and sidewalks in low-income neighborhoods.
The proposed supplemental budget was transmitted to the County Council on Sept 30. The mid-biennial budget is used to adjust the Council adopted 2021-2022 $12 billion budget and generally reflect changed circumstances such as revised revenue forecasts, new grants, and updated opportunities.