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Credit: Flickr Photo/Daniel X. O'Neil (CC-BY-NC-ND)/

Seattle needs $117 million to cover its 2023 budget

The city of Seattle is facing a projected $117 million budget shortfall in 2023. That's the gap between what the city expects to spend and how much money it will take in.

Potential solutions include making significant cuts, or finding new money to cover the bills. Perhaps a combination of the two. The Seattle Times reports that the city's number crunchers do not see any "obvious way out" of the financial predicament.

One cause of the situation was the pandemic. Seattle knew of the budget shortfall back in 2019. Officials were warned of what was coming in 2023. But then the pandemic hit. The city started triaging concerns and 2023 was put on the back burner.