HomeMy WebLinkAbout3824Ordinance No. 3824
(Amending or Repealing Ordinances)
CFN=104 — Finance
Passed — 12/12/2006
Property Tax Levied (1%) 2007 Budget
ORDINANCE NO.
AN ORDINANCE of the city council of the city of
Kent, Washington, levying 2006 property taxes for the
2007 budget for the city of Kent.
RECITALS
A. Pursuant to RCW 84.55.120 and after providing all appropriate notice,
the city council held a public hearing on September 19, 2006, to consider the city of
Kent's proposed operating and capital budget for the 2007 calendar year, and held a
public hearing on November 21, 2006, to address the city's 2006 property tax levy,
revenues, and limit factors, as well as the proposed 2007 budget.
B. In accordance with RCW 84.55.120, any increase in property tax
revenue other than that 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, requires the adoption of a separate
ordinance from the tax levy ordinance specifically authorizing the increase in terms
of both dollars and percentage.
C. By separate ordinance, the city council has adopted an ordinance to
establish a one (1) percent increase in property tax revenue to be levied and
collected in year 2007.
D. Pursuant to RCW 84.52.010 and WAC 458-12-365, taxes shall be
levied in specific dollar amounts.
NOW THEREFORE, THE CITY COUNCIL OFTHE CITY OF KENT, WASHINGTON,
DOES HEREBY ORDAIN AS FOLLOWS:
1 Property Tax Levied (1%)
2007 Budget
ORDINANCE
SECTION 1. -Recitals Incorporated. The foregoing recitals are incorporated
into this ordinance.
SECTION 2. - Propedy Tax Levied. There is hereby levied against the
assessed value of the property in the city of Kent, Washington, a tax for the city's
2007 budget in the following amounts for the following funds:
A. For the General Fund, for the purpose of paying the general expenses of
municipal government:
Levy per $1,000 of
assessed valuation
Fund (estimated) Dollar Amount
General Fund $2.503 $25,594,031
B. For Voted Bond Interest and Redemption Fund, for the purpose of paying debt
service in the following amounts for the following funds:
Levy per $1,000 of
assessed valuation
Fund (estimated) Dollar Amount
General Obligation Refunding $0.059 $600,000
(Public Safety and Senior Housing)
C. Total General Fund and Voted Bond Interest and Redemption Fund:
Levy per $1,000 of
assessed valuation
(estimated) Dollar Amount
TOTAL LEVY $2.562 $26,194,031
SECTION3. - Limitation on Levy. The application of the General Fund levy
shall be consistent with and shall not result in a tax revenue in excess of the
limitation imposed by RCW 84.55.010.
SECTION 4. - Adiustments. City administration shall administer the Annual
Budget and in doing so may authorize adjustments pursuant to RCW 35A.33.120.
2 Property Tax Levied (1 %)
2007 Budget
SECTION S. - Severabih . 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.
SECTION6. - 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.
ATTEST:
BRENDA JACOBER, CITY(S,XERK
APPROVED AS TO FORM:
Z�tA bV-W"—
tdM BRUBAKER, CITY ATTORNEY
PASSED: day of December, 2006.
APPROVED: /a day of December, 2006.
PUBLISHED: /�o day of December, 2006.
I hereby certify that this is a true copy of Ordinance No. -39a passed by the
city council of the city of Kent, Washington, and approved by the mayor of the city of
Kent as hereon indicated.
F W.�40NNa`wa�razuvf`d 2007 eac
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BRENDA JACOBER, CITY CLERK
3 Property Tax Levied (1%)
2007 Budget