City government · Snohomish County, WA
Mountlake Terrace's money: where it comes from and where it goes
In the latest recorded fiscal year (ended December 31, 2023), Mountlake Terrace took in $48.6 million and spent $40.3 million.
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Where it comes from
What stands out
of Mountlake Terrace's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.
City taxes37%
What's in other taxesPublic utility taxes; other licenses and 5 more
- Public utility taxes$4.1 million
- Other licenses$1.0 million
- Amusement taxes$953 thousand
- Real estate and stock transfer taxes$791 thousand
- Motor vehicle licenses$310 thousand
- Occupation and business licenses$151 thousand
- Other selective sales taxes$53 thousand
Amounts are by Census tax category.
Fees for services43%
What's in fees for servicesSewer; water and 3 more
- Sewer$10.9 million
- Water$7.1 million
- Parks and recreation$1.8 million
- Other service charges$1.1 million
- Garbage collection$151 thousand
Amounts are by Census type of charge.
State tax money14%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money<0.1%
Money passed on by the county or other local governments.
Fines and other5.4%
Where it goes
What stands out
of Mountlake Terrace's spending goes to the environment and natural resources.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.
Spending by category100%
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
- Water supply$7.9 million
- Sewer systems$7.8 million
- Garbage and solid waste$756 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
- Police$6.8 million
- Fire protection$2.8 million
- Courts and legal services$1.0 million
- Inspections and regulation$167 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other government-run businesses and 2 more
- Central staff services (personnel, purchasing, technology)$1.8 million
- Other government-run businesses$1.5 million
- Other and not broken out$1.4 million
- Finance, tax collection and budgeting$1.0 million
What's in environment and natural resourcesNatural resources, farming and conservation
- Natural resources, farming and conservation$3.2 million
What's in roads, transit and parkingRoads and highways
- Roads and highways$1.9 million
What's in parks, recreation and librariesParks and recreation
- Parks and recreation$1.4 million
What's in interest on debtInterest on general debt and interest on water supply debt
- Interest on general debt$662 thousand
- Interest on water supply debt$159 thousand
Sources and moreWhere these numbers come from and what they cover
City of Mountlake Terrace. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.
What this covers. The money of City of Mountlake Terrace itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.