City Council Study Session | July 28, 2026

The City of Redmond City Council held a study session on July 28, 2026, focusing primarily on proposed amendments to the Multifamily Housing Property Tax Exemption (MFTTE) program, including a 12-year extension option to improve development feasibility. Council members discussed legislative guidance, affordability requirements, and fiscal impacts, with staff preparing an ordinance for future council action. The session also included a detailed budget process update covering utility rate studies, long-range financial strategy, and fiscal policies. Presentations highlighted challenges such as aging infrastructure, rising costs, and regional partnerships affecting water, wastewater, and stormwater utilities. Council discussed rate smoothing strategies, reserve targets, and potential policy adjustments related to debt limits and community investment rates. Community engagement in budget planning and strategic policy development was emphasized, with plans to revisit several fiscal policies in 2027. The meeting concluded with council talk time, including acknowledgments of retiring staff and upcoming community events.