On Monday, November 15, the City Council adopted the 2011-2012 Biennial Budget, 2011 Property Tax Ordinance, and the 2011 – 2015 Recreation and Parks Fee Resolution. The adoption of these ordinances and resolution followed a series of budget meetings in September and October, as well a series of public hearings on November 1.
The 2011-2012 Biennial Budget maintains services for residents at current levels and does not include layoffs or reductions in services.
The 2011 Property Tax Levy results in a net decrease on an average Mountlake Terrace homeowner of $2 in 2011 from what was paid in 2010. This is because of the decrease in overall assessed value citywide.
“I would just like to say how proud I am of how we have been proactive instead of reactive in making sure of our priorities and that we could afford to pay for services,” said Councilmember Michelle Robles. “It’s nice for Mountlake Terrace to be acknowledged as a financial role model.”
The budget process included the following City Council meetings: September 16 Preliminary Report on 2011-2012 Revenue Estimates; October 4 Proposed 2011-2012 Biennial Budget Presentation and review of the six-year Financial Forecast; October 14 and 20 Department Presentations; October 28 review of the Proposed Biennial Budget. On November 1, the City Council held public hearings on the proposed 2011-2012 Biennial Budget and 2011 Property Tax Ordinance. On November 15, the City Council adopted the 2011-2012 Proposed Biennial Budget, 2011 Property Tax Ordinance, and 2011-2015 Recreation and Park Fee Resolutions.