Proposition 1 would allow the city to raise property taxes by 44 cents per $1,000 of assessed property value per year, or $154 per year if the property is worth $350,000.
The levy lid lift would allow the city to pay rent at Interim City Hall while making plans for a new permanent city hall for the next four years, as well as funding parks and recreation needs. After four years, the 19-cent portion of the levy paying for rent would disappear, while the 25 cents funding parks and recreation would remain.
The levy lid lift has been discussed by the Mountlake Terrace City Council all year long. Without it, the city is projected to run out of reserve funds by the end of the year.