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HomeMy WebLinkAbout4181ORDINANCE NO.� AN ORDINANCE of the City Council of the City of Kent, Washington, levying 2015 property taxes for the 2016 biennial budget for the City of Kent. RECITALS A. Pursuant to RCW 84.55.120 and after providing all appropriate notice, the City Council held public hearings on September 15, 2015, and October 20, 2015, to consider the City of Kent's budget for 2016, to address the City's property tax levy to be imposed in 2015 for collection in 2016, and to review revenues and limit factors. 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 specifically authorizing the increase in terms of both dollars and percentage. C. Pursuant to RCW 84.52.010 and WAC 458-19-020, taxes shall be levied in specific dollar amounts. 1 Property Tax Levied (1%) 2016 Budget Ordinance NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY ORDAIN I=% FOLLOWS: 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 2016 budget in the following amount for the General Fund, for the purpose of paying the general expenses of municipal government. Fund General Fund Levy per $1,000 of assessed valuation (estimated) $1.5204 Dollar Amount $22,655,620 This property tax levy represents a 1.00% increase over last year as shown below. 2016 Regular Property Tax Levy $22,655,620 Less 2014 Regular Property Tax Levy (22,083,991) Less New Construction Levy (251,020) Less Refund Levy (99,769) Property Tax Increase $ 220,840 Change 1.00% 2 Property Tax Levied (1 %) 2016 Budget Ordinance 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 sections 84. 55.010 and 84.55.0101. SECTION 4. - Adjustments. City administration shall administer the Annual Budget and in doing so may authorize adjustments pursuant to Chapter 35A.34 RCW. SECTION 5. -Severability. If any one or more section, subsection, or sentence of this ordinance is 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. —Corrections by City Clerk or Code Reviser. Upon approvaI of the city attorney, the city clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; ordinance, section, or subsection numbering; or references to other local, state, or federal laws, codes, rules, or regulations. SECTION 7. -Effective Date. This ordinance shall take effect and be in force January 1, 2016, which is more than five days after its publication, as provided by law. ATTEST: COOKE, MAYOR 3 Property Tax Levied (i%) 2016 Budget Ordinance APPROVED AS TO FORM : TQM BRUBAKEF�; CITY ATTORNEY PASSED: — day of December, 2015. APPROVED: day of December, 2015. PUBLISHED: day of December, 2015. I hereby certify that this is a true copy of Ordinance No. passed by the City Council of the City of Kent, Washington, and approved by the Mayor of the City of P:\Clvll\Ordinance\Taxlevled-20160rdlnance.Docx SEAL) 4 Property Tax Levied (i%) 2016 Budget Ordinance