City projects $143M shortfall as construction slows, international travel dips.
SEATTLE — Seattle’s chief economist warned that sweeping new tariffs imposed by the Trump administration are the city’s most pressing economic threat, as officials brace for a $143 million revenue shortfall over the next two years.
The city’s revised forecast, presented Wednesday by Interim Director and Chief Economist Jan Duras, showed a smaller deficit than the previously projected $251 million gap. Duras attributed the improved outlook to lower-than-expected inflation.
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But despite the more favorable projection, Duras told the City Council that newly implemented
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