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Bonney Lake sets aside $500,000 to help struggling businesses
Many local communities have tried to find unique ways to help businesses struggling during the COVID-19 pandemic. Mayor Neil Johnson of Bonney Lake joined KIRO Radio’s Gee & Ursula to discuss the second round of business grants his city is hoping to dole out, of which approved applicants will receive between $1,500 and $10,000 each.
“I’ve been mayor since 2006 and over the years that our general fund growth because of businesses, small businesses, large businesses, the sale tax is always a big key over the years our ending fund balances are always growing. So we know right now we have about $8 million left over after 2022; this is just over the time we’ve been able to be fiscally prudent,” he said.