HomeMy WebLinkAbout3839 (26)Ordinance No. 3865
(Amending or Repealing Ordinances)
CFN= 0104 - Finance
Passed — 12/11/2007
Tax Levy Adjustment Authorized (1%) — 2008 Budget
ORDINANCE NO. 3 SIL 6
AN ORDINANCE of the City Council of the City of
Kent, Washington, authorizing the 2007 property tax levy
for the 2008 budget at the previous year's tax levy, with
a statutorily allowed one (1) percent increase to partially
cover impacts from inflation, together with any increases
resulting from the addition of new construction and
improvements to property, from any increase in the
value of state -assessed property, from the refund fund
levy, and from annexed properties.
RECITALS
A. Pursuant to RCW 84.55.120 and after providing all appropriate notice,
the City Council held a public hearing on October 16, 2007, to consider the City of
Kent's proposed operating and capital budget for the 2008 calendar year, and to
address the City's 2007 property tax levy, revenues, and limit factors, as well as the
proposed 2008 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. The City Council finds that to best protect the public health, safety,
and welfare, to best protect the City's future property tax levy capacity, to best serve
the citizens of Kent by maintaining an appropriate level of service throughout the
City, to appropriately discharge the City's expected expenses and obligations, and to
best serve the citizens of Kent through a continued commitment to capital
1 Tax Levy Adjustment
Authorized (1 %) - 2008 Budget
improvements throughout the City, a substantial need exists to increase its tax levy
over last year.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON,
DOES HEREBY ORDAIN AS FOLLOWS:
ORDINANCE
SECTION 1. - Recitals Incorporated. The foregoing recitals are incorporated
into this ordinance.
SECTION 2. - Property Tax Levy Authorized. In addition to the increase
resulting from new construction and improvements to property, from annexations,
from any increase in the value of state -assessed property, and from the refund fund
levy, the 2007 regular property tax dollar levy for the 2008 budget is authorized at
the previous year's property tax levy, plus a one (1) percent increase, representing
$254,359.
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.
ATTEST:
BRENDA JACOBER,
CLERK
2 Tax Levy Adjustment
Authorized (1%) - 2008 Budget
APPROVED AS TO FORM:
6 vA'
TO BRUBAK R, CITY ATTORNEY
PASSED:
day ofo&��' '� , 2007.
APPROVED:
day of 2007.
PUBLISHED: ��
day of 2007.
I hereby certify that this is a true copy of Ordinance No.3 passed by
the City Council of the City of Kent, Washington, and approved by the Mayor of the
City of Kent as hereon indicated.
(SEAL)
BRENDA JACOBER, ITY CLERK
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3 Tax Levy Adjustment
Authorized (1%) - 2008 Budget