Reader view Important information for Edmonds homeowners

Edmonds homeowners could face a property tax increase of nearly $2,700 next year if Proposition 1 passes, which would add $14. 5 million annually to city revenues. A retired financial professional examined ten years of financial reports and found that the city's expenditures have exceeded revenues since 2022, resulting in a cumulative deficit of $16 million. The city saw a significant increase in staff, with an average headcount rising from 241 to 279 positions, leading to higher compensation costs. The annexation to the Regional Fire Authority has provided an additional $6 million in revenue, yet the city still struggles financially.

The author questions the necessity of the proposed tax increase, suggesting that effective management, rather than additional funds, is the solution. Voters are advised to consider the financial implications of past tax increases before making their decision. The article emphasizes the importance of fiscal discipline and responsible spending by city officials. As residents prepare to vote, the future of basic city services hangs in the balance.