(The Center Square) – King County Metro is anticipating a massive reserve shortfall in the years ahead as elected leaders discuss raising taxes before collection even begins for a separate roads tax in 2027.
Recent revenue forecasts project a $107 million reserve shortfall for 2030-31, rising to $977 million at the end of the 2032-33 biennium. It represents the gap between the county transit agency’s projected fund balance and required reserves, but a shortfall doesn’t always mean Metro is facing a cash deficit…