What is the tax base for Kirkland? What about King County?
The City of Kirkland is funded from a variety of sources. Some services such as utilities are self-supporting from utility charges. The General Fund, the City’s largest fund that provides general public services such as police, fire and parks services, receives most of its revenue from taxes. The pie chart below shows the proportion of revenue from the various sources. For more information on the City of Kirkland’s budget click here. For information on King County’s budget, visit their website at www.metrokc.gov/mkcc/budget. • Q: How much of Kirkland’s sales tax revenue comes from Totem Lake? A: About 30%. • Q: What happens in 10 years after the financial incentive is over? A: With or without annexation the City Council would need to maintain a balanced budget. The City Council has a variety of “tools” to use to balance the budget including expenditure reductions, tax and fee increases, or use of reserves. Each budget cycle, the Council determines the best tools for that time based on
