Proposition 1 still slightly in the lead after Wednesday election update

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logo_mountlaketerrace-1-1Updated election results from Wednesday evening show Mountlake Terrace’s Proposition 1 extending its narrow lead, but just barely.

As of Wednesday at 4:35 p.m., 50.95 percent of ballots cast yes votes for Proposition 1, compared to 50.3 percent on Tuesday.

Proposition 1 would allow the city to increase property taxes by 44 cents per $1,000 of assessed value, or or $154 per year for a property worth $350,000. That money would fund rent at Interim City Hall for four years, as well as parks and recreation. After four years, only the parks and recreation portion of the levy would remain–worth 25 cents per $1,000 of assessed value, or $87.50 per year for a property worth $350,000.

City officials declined to comment on the election results Wednesday, because the election is so close.

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