LYNNWOOD — Residents will have a chance Monday to weigh in on the city’s proposed 2027 regular property tax levy, which city officials say could rise by using previously unused “banked capacity” under state law. Lynnwood’s current regular levy is $8.9 million. It has $2,204,548 in banked capacity, which would bring the maximum levy without a vote to $11,104,548.
The Lynnwood City Council will hold a public hearing at 6 p.m. Monday, Oct. 26, in the Council Chambers at City Hall, 19100 44th Ave. W. The hearing is required under Washington state law before the city certifies its levy to Snohomish County by Nov. 30. City staff have shared that the statutory 1% cap has not kept pace with the rising costs of services such as police, roads, parks and recreation, and the municipal court. …