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Yes. Every year the Washington State Auditor's Office performs an on-site audit of the City's financial records and procedures.
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The tax rate for 2010 is $1.03 per thousand dollars of assessed value. This amount goes to the City; however, your overall tax bill will also include taxes for Snohomish County, state schools and the Everett School District.
The City Council sets the property tax levy annually. For 2010, the City Council increased the property tax rate by 1% which generated additional annual property tax revenue of $22,376.
Property tax revenue is used to provide city services including public safety, recreation, planning, community development, public works, streets, library and general government.
As of April 2009 the population, as determined by the State of Washington Office of Financial Management, is 17,150. This figure influences how much gas tax and other state shared revenues the City receives.
Public hearings are held in November as the City Council prepared to set the tax rate for the upcoming year. City Council budget workshops are open to the public during that time.