HomeMy WebLinkAbout3431ORDINANCE NO. :3 LI 3 1
AN ORDINANCE of the City Council of the City of
Kent, Washington, authorizing a .85 percent increase in
property tax for 1999 according to the implicit price deflator
established pursuant to State Referendum 47.
WHEREAS, pursuant to RCW 84.55.120 and after providing all
notice, the City Council held a public hearing on November 17, 1998, to
the City of Kent's current expense budget for the 1999 calendar year; and
WHEREAS, after this hearing and after duly considering all relevant
and testimony presented, the City Council determined that the City of Kent
an increase in property tax revenue from the previous year's revenues, in addition
the increase resulting from the addition of new construction and improvements to
, annexations and any increase in the value of state -assessed property and the
refund fund levy, in order to discharge the expected expenses and obligations of the City
and in order to protect the best interests of the citizenry; and
WHEREAS, to best preserve the public health, safety and welfare and in
order to best serve the citizens of Kent through a continued commitment to capital
improvements projects throughout the City, an increase in the regular property tax levy,
in addition to the increase resulting from the addition of new construction and
improvements to property, annexations and any increase in the value of state -assessed
property and the refund fund levy, should be authorized to one hundred percent (100%)
plus the percentage change in inflation as measured by the implicit price deflator for
Tax Increase - Inflation
consumption, which for 1999 taxes will be a .85 percent increase from the
year's property tax levy, calculated to be $129,123.00; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES
Y ORDAIN AS FOLLOWS: .;
SECTION 1. Recitals Incorporated. The foregoing recitals are
as if fully set forth herein.
SECTION 2. Property Tax Levy Established. In addition to the increase
from the addition of new construction and improvements to property, annexations
any increase in the value of state -assessed property and the refund fund levy, the
property tax levy for 1999 is increased to and established at one hundred percent
00%) plus the percentage change in inflation as measured by the implicit price deflator
personal consumption, which for 1999 taxes will be a.85 percent increase from the
year's property tax levy, calculated to be $129,123.00.
SECTION 3. Severability. If any one or more sections, subsections, or
sentences of this Ordinance are held to be unconstitutional or invalid, such decision shall
not affect the validity of the remaining portion of this Ordinance and the same shall remain
in full force and effect.
SECTION 4. Effective Date. This Ordinance shall take effect and be in
force five (5) days from and after its passage, approval, and publication as provided by law.
JIM PHITE, MA
2 Tax Increase - Inflation
TTEST:
JACOBER. C1/fY CLERK
AS TO FORM:
A. LUBOVICH,'CITY ATTORNEY
ASSED: day of 1998.
.PPROVED: day of 1998.
UBLISHED: day of /&,C--CC4-)j, -Z-- , 1998.
I hereby certify that this is a true copy of Ordinance No. 3 q3f passed by the
Council of the City of Kent, Washington, and approved by the Mayor of the City of
as hereon indicated.
SEAL)
BRENDA JA B , CITY CLERK
3 Tax Increase - Inflation