53 property tax levy and 4 utility tax rate increases scheduled for Council vote Nov. 24

The Lynnwood City Council is preparing to vote on several crucial financial items at its November 24 meeting, including a proposed 53% increase in the property tax levy. This increase, amounting to $3. 8 million, is necessary to address an $8 million budget deficit projected for 2026. Additionally, the council will consider raising utility tax rates from 6% to 10%, which is expected to generate approximately $1. 9 million in revenue, marking the first adjustment in a decade.

City officials believe this change aligns with rates in surrounding areas and will support essential services. Furthermore, the council will discuss implementing a general facility charge for new water utility connections, which is aimed at funding capital projects. The proposed charge of $1,932 per meter capacity equivalent will help mitigate future water rate increases. The council is also set to review amendments to the Comprehensive Plan and updates to the Capital Facilities and Transportation Improvement Plans. These measures are critical for maintaining the city’s infrastructure and securing state funding for future projects.