One week ago, we reported from City Hall as city finance director Dwight Dively briefed reporters, and then City Councilmembers, on changes in the revenue forecast, since less money’s coming in than expected. This morning, as noted then, we’ll get the first public report on how that might affect city projects – Dively will be back before the council’s Budget Committee at 10:30 am; you can watch live via Seattle Channel (online at seattlechannel.org or on-air, channel 21).

11:04 AM UPDATE: The document that Dively is reviewing with councilmembers right now can be seen here. He’s specifically discussing budget cuts to be made in “capital” projects because of reduced revenue from the Real Estate Excise Tax – examples so far, $750,000 less for the library system.