The City of Lake Forest Park proposes a ballot measure to provide sustainable funding for the development, operation, and maintenance of parks, recreation and open spaces, trails, sidewalks, safer pedestrian/cyclist connections, and traffic calming throughout the City.
Approval of Proposition 1 helps fund: parks, recreation, and open space projects and services identified in the City’s Parks Recreation Open Space and Trails (“PROST”) Plan; pedestrian, bicycle, traffic calming, and other safety connection projects identified in City’s Safe Streets reports; and projects identified in future parks, recreation and pedestrian/cyclist connectivity plans adopted by the City Council. If approved, Proposition 1 authorizes an increase of approximately $2 million in the City’s regular property tax levy by an increase of approximately $0.59/$1,000 of assessed valuation, to a total levy rate of $1.57/$1,000, as allowed by Chapter 84.55 RCW.
The approximately $ 2 million in additional levy funds would be deposited into a dedicated revenue fund exclusively for the levy proceeds and funds would only be used if identified in a Levy Implementation Plan, which would include eligible projects, operations descriptions, milestones, and costs. The City would annually publish a report on the projects, operations, and expenditures of the levy funds.
Approval of Proposition 1 would cost the owner of a $617,000, median-valued Lake Forest Park home about $366.01 per year, or approximately $30.50 per month. The levy amount collected in 2022 would be used to calculate subsequent levy limits. Qualifying seniors, disabled veterans and others with disabilities would be exempt, per Chapter 84.36 RCW.