At its Nov. 18 meeting, the Mountlake Terrace City Council adopted various changes to the city budget and tax collections for 2014, including increases in the local Emergency Medical Services (EMS) levy and the city’s portion of property taxes.
By a 6-0 vote, council members approved a 1 percent increase in the city’s share of residents’ property taxes and an 8.69 percent increase in the EMS levy; city officials calculate the average Mountlake Terrace homeowner will see an increase in their property tax bill of approximately $11 next year as a result of this action.
The City of Mountlake Terrace receives approximately 21 percent of the total property tax collection in the city, with the remainder going to the State of Washington, the Edmonds School District, Snohomish County, Sno-Isle Libraries and the Hospital District.
The EMS levy is collected at a rate of 50 cents per $1,000 of assessed value on property; due to increase in assessed value seen throughout Mountlake Terrace in 2013, the current EMS levy collections had fallen to 47 cents per $1,000 of assessed value. The council’s action restored the 50 cents per $1,000 rate to the voter-approved levy; voters approved the EMS levy in 2009.
City budget revisions approved include adding a budget line necessary to continue paying the approximate $500,000 to rent office space for Interim City Hall and funds needed to operate the city’s Economic Development Office in 2014. Budget reductions in nearly every city department, in addition to cost savings realized by refinancing some of the city’s debt, are being used to offset the cost of office space rent and Economic Development Office expenses, city officials said.
You can view the budget changes for 2014 here.