What will happen if this levy lid lift is not approved?

If the levy lid lift is not approved by voters, the city council will need to determine if it would like to pursue other funding sources, such as:

  • Asking voters to approve a 0.1 percent sales tax to fund public safety (approximately $1m in additional revenue). Council has expressed its intention to pursue this revenue source in addition to the levy lid lift.
  • Implementing a Business & Occupation (B&O) tax on businesses operating in Gig Harbor. There are varying rates and exemptions that could be applied.
  • Asking voters to approve a levy lid lift at a lower rate.

If no additional revenue sources are established, the city will need to identify ways to reduce general fund expenditures by about $2,000,000 annually (or roughly 10% of the general fund budget). This will, of course, have an impact on the levels of service the city provides.

Show All Answers

1. What is a levy lid lift?
2. How much will my property taxes go up if the levy lid lift passes?
3. How is money from property taxes used?
4. What led to this budget shortfall?
5. What has changed in the past ten years?
6. What efficiencies has the city implemented to cut costs?
7. What will happen if this levy lid lift is not approved?
8. How much revenue will the proposed levy lid lift generate?
9. Who pays the property taxes?
10. The city council just gave an additional $2 million for the Sports Complex project? How is this possible with the projected revenue shortfall?
11. The levy lid lift would raise the property tax rate to $1.10 per $1,000 in assessed value. Why am I paying more than $8.00 per $1,000?
12. Which budgeted staff positions has the city "frozen" in 2023?
13. The levy lid lift is proposing to raise the city's property tax rate 60% from $.70 per $1,000 to $1.10 per $1,000. Will my property tax bill go up 60%?
14. Are there reserve funds available to help address the budget shortfall?
15. If approved, what new services will the levy lid lift provide?
16. Can the budget shortfall be funded with aditional sales taxes instead of property taxes?
17. Why was my property tax rate reduced from $1.40 per $1,000 in 2014 to only $0.70 in 2024?