Mountlake Terrace outlines plan to close roughly $4.2 million annual budget gap, favors tapping banked tax capacity City staff and the Financial Sustainability Task Force presented preferred and alternative packages to address a projected general‑fund shortfall of about $4.2 million a year (rising to roughly $5.4 million by 2030), recommending a mix of reserve rebuilding, a phased use of banked property‑tax capacity, efficiencies and modest cuts.

Mountlake Terrace faces a daunting $4.2 million annual budget shortfall, with potential growth to $5.4 million by 2030—find out how city officials plan to tackle this crisis!

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City Financial Analyst Warns of Growing Budget Gap and Urges Reserve Increase Analyst highlights potential $4.8M annual shortfall impacting city's general fund by 2029.

Mountlake Terrace faces a looming $3.2 million budget gap that could jeopardize its financial future—urgent action is needed!

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