City to discuss possible cuts if levy does not pass on Aug. 2

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A chart showing the expenditures, revenues and fund balance for the city. The right two bars show the difference between what was budgeted and what actually happened with the city’s finances in 2015. An extra $900,000 in revenues was budgeted.

On Thursday, the Mountlake Terrace City Council will review possible cuts to city services if a 44-cent levy lid lift does not pass.

The levy lid lift will appear on the Aug. 2 ballot. It would pay for rent at the Interim City Hall and help fund parks and recreation.

While versions of the levy lid lift this year were as high as 67 cents, the final amount that was passed by the council was 44 cents.

The levy lid lift was proposed earlier this year because the City of Mountlake Terrace is running on a deficit, and the reserves are nearly empty.

Thursday’s City Council study session begins at 7 p.m. A full agenda can be found here.

An unrelated 0.2 percent sales tax increase will also appear on the Aug. 2 ballot for all of Snohomish County.

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