HomeMy WebLinkAbout3839 (25)Ordinance No. 3866
(Amending or Repealing Ordinances)
CFN= 0104 - Finance
Passed — 12/11/2007
Property Tax Levied (1%) 2008 Budget
ORDINANCE NO. 3 �'&&
AN ORDINANCE of the City Council of the City of
Kent, Washington, levying 2007 property taxes for the
2008 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 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. 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 2008.
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 OF THE CITY OF KENT, WASHINGTON,
DOES HEREBY ORDAIN AS FOLLOWS:
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2008 Budget
ORDINANCE
SECTION 1. - Recitals Incorporated. The foregoing recitals are incorporated
into this ordinance.
SECTION 2. - Property 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
Fund assessed valuation
(estimated) (estimated) Dollar Amount
General Fund $2.311 $26,625,624
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 $ 0521 $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 $2.363 $27,225,624
SECTION 3. - Limitation on Levv. 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. - Adrustments. City administration shall administer the Annual
Budget and in doing so may authorize adjustments pursuant to RCW 35A.33.120.
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SECTIONS. - 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 6. - 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:
X-9 L�e- "L�«�-
BRENDA JACOBER, CITI
APPROVED AS TO FORM:
TO BRUBAK11R, CITY ATTORNEY
PASSED: day of December, 2007.
APPROVED: day of December, 2007.
PUBLISHED: 1-5 day of December, 2007.
I hereby certify that this is a true copy of Ordinance No. 866 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, TY CLERK
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