From the City of Shoreline webpage
Shoreline will be celebrating its 15th anniversary this year and we have a lot to celebrate! From the redevelopment of the Aurora Corridor to completion of the Parks Bond projects, from enhanced stormwater management systems to improved public safety, the City has transformed from an often neglected part of King County into a vibrant City that 93% of residents rate as an excellent or good place to live.
The transformation has occurred due to the hard work of Shoreline citizens and the prudent financial stewardship of past City Councils. However, even with conservative financial planning and spending policies, the City will begin facing significant budget gaps starting in 2011, jeopardizing many of the investments made in Shoreline's neighborhoods and community.
The simple reason for the budget gaps is that inflationary costs for fuel, asphalt, public safety, health benefits and other items are growing faster than the City's most important revenue sources. Property tax represents the single largest source of revenue for the City's general fund, but it is limited to a 1% increase per year. Inflation, on the other hand, has no limit. Since 2000, inflation has increased by 27%, while at the same time, the City's property tax levy, excluding new construction, has grown by less than 10%.
For more information and frequently asked questions about the proposition, see the city webpage.
Citizens' committees have been formed to support and to oppose the Shoreline Proposition.
The Yes on Shoreline Prop 1 citizen committee statement has been published here. Their webpage is SupportShoreline.org
The No on Shoreline Prop 1 citizen committee has a statement on their webpage noonprop1shoreline.com
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