The City of Washington operates on a fiscal year of October through September.

Each year a budget process is started in May with instructions to the Department Heads and continues through meetings between Department Heads and Staff and on to review by the City Council.

Usually, by August, the Council has reviewed and given basic approval to the planned budget.

During August, the Council sets the tax rate for real estate and personal property.

Final changes are made in late August and early September with the Council normally holding a public hearing at the second meeting in September. At that meeting, the budget is approved to be effective October 1st.