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Kenmore hears property‑tax levy calculations and walkways & waterways bond update; hearings close with no testimony
Summary
Finance staff explained the 2026 regular property‑tax levy calculation (1% increase applied, banked capacity and new construction added) and the excess levy for walkways & waterways bonds (median homeowner impact ≈ $112); both hearings closed without public speakers.
Finance Director Melinda Morel outlined the city’s proposed 2026 property‑tax actions during two public hearings Nov. 10.
On the regular levy, Morel explained the statutory rule the council follows — the lower of 1% or the implicit price deflator (IPD) — and said staff used 1% for the calculation. She reported available banked…
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