The City Council wants to know.

The Mountlake Terrace City Council is considering taking a position, presumably against, on Tim Eyman’s Initiative 1033 . There is a public hearing scheduled during the City Council meeting Monday night at City Hall where you can give the council your thoughts on the initiative.

Here is the description on the initiative given by the City of MLT:

Initiative 1033 would limit growth of certain state, county and city revenue to annual inflation and population growth. Voter approved tax levies passed in 2009 are also subject to the initiative and would not be excluded from the revenue limitations. Revenue collected above the limit would reduce property tax levies the following year. The City of Mountlake Terrace has projected that the City’s General Fund (which funds police, fire, EMS, parks, and streets) would forgo at least $2.76 million dollars in taxes, fees, and other governmental charges between 2010 and 2015 as a result of the Initiative. Not included in this estimate would be the loss of EMS levy proceeds totaling approximately $360,000 per year or $1.8 million between 2010 and 2015 if approved by the voters on November 3.