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Home My WebLink About4510 ORDINANCE NO.4510 AN ORDINANCE of the City Council of the City of Kent, Washington, levying 2025 property taxes for the first year of the 2025-2026 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 October 1, 2024, and October 15, 2024, to consider the City of Kent's proposed operating and capital biennial budget for the 2025 and 2026 calendar years, to address the City's property tax levy to be imposed in 2024 for collection in 2025, 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; newly constructed wind turbines, solar, bio mass, and geothermal facilities; annexations; and any increase in the value of state-assessed property and the refund fund levy, requires the adoption of an ordinance or resolution specifically authorizing the increase in terms of both dollars and percentage. C. The property tax levy is limited by state law to increase each year by no more than one percent or the cost of inflation, whichever is less. The cost of inflation for purposes of the 2025 property tax levy is 2.57%. 1 Property Tax Levied (1%) 2025 Budget Ordinance Therefore, the 2025 property tax levy may increase by no more than 1% over last year's levy. C. Pursuant to RCW 84.52.010 and WAC 458-19-020, taxes shall be levied in specific dollar amounts. 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 Levied. There is hereby levied against the assessed value of the property in the City of Kent, Washington, a tax to be collected during the first year of the City's 2025-2026 biennial budget in the following amount for the General Fund and the Capital Resources Fund, for the purpose of paying the general expenses of municipal government: Levy per $1,000 of assessed valuation Fund (estimated) Dollar Amount General and Capital Resources Funds $1.04489 $35,518,129 This property tax levy represents a 1.0% increase over last year as shown below. 2024 Regular Property Tax Levy $35,518,129 Less 2023 Regular Property Tax Levy (34,728,368) Less New Construction Levy (311,166) Less Refund Levy (131,311) Property Tax Increase $347,284 Change 1.00/0 2 Property Tax Levied (1%) 2025 Budget Ordinance Unless otherwise directed by the City Council in its budget process, the total property tax revenues levied shall be allocated as follows: 47.5 percent to the General Fund for the purpose of paying the general expenses of municipal government and 52.5 percent to the City's Capital Resources Fund for use in one-time capital projects and debt repayment subject to the following three exceptions: A. Revenues shall be allocated to the City's Parks Department for the design, development, construction, maintenance, improvement, and renovation of City parks. Beginning in 2023, the amount shall total $2.75 million and increase by two percent each year thereafter. The total allocation for 2025 is $2,861,100. B. Revenues shall be allocated to the City's Public Works Department for the design, construction, maintenance, improvement, operation, and repair of the City's transportation infrastructure and appurtenant improvements. Beginning in 2023, the amount shall total $8.25 million and increase by two percent each year thereafter. The total allocation for 2025 is $8,583,300. C. Revenues shall be allocated to the City's Information Technology Capital Program directed at funding long- and short-term hardware and software replacement. Beginning in 2023, the amount shall total $1.65 million and increase by two percent each year thereafter. The total allocation for 2025 is $1,716,660. SECTION 3. - Limitation on Levy. The application of the General Fund and Capital Resources Fund levy shall be consistent with and shall not result in tax revenue in excess of the limitation imposed by RCW 84.55.010 and RCW 84.55.0101. SECTION 4. - 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. 3 Property Tax Levied (1%) 2025 Budget Ordinance SECTION 5. - Corrections by City Clerk or Code Reviser. Upon approval 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 6. - Effective Date. This ordinance shall take effect and be in force five days after the date of its publication; however, the property tax levied through this ordinance shall not be assessed for collection until January 1, 2025. 7�- . December 10, 2024 DANA RALPH, MA Date Approved IKIMBERgLEY T: December 10, 2024 KOMOTO, CITY CLERK Date Adopted December 13, 2024 Date Published APT VED AS TO FORM: ITAMWHITE, CITY ATTORNEY „. 4 Property Tax Levied (1%) 2025 Budget Ordinance Classified Proof CITY OF KENT NOTICE OF PUBLIC HEARINGS KENT CITY COUNCIL October 15,2024 7 p.m. Second Pubic Hearing on the 2025-2026 Bien- nial Budget including the identified Priorities for Use of Opooid Settls ment Funds Second Public Hearing on the 2025-2030 Capi- tai Improvement Pro- gram Public Hearing on the 2024 Tau Levy for the 2025 Budget NOTICE IS HEREBY GIVEN that the Kent City Council will hold public hearings on Tuesday October 15, 2024, at 7 p.m. to consider the: 2025-2026 Biennial Bud- get, including the pri- orities identified for use of opioid settlement funds; the 2025-2030 Capital Improvement Program; and the 2024 Tax Levy for the 2025 Budget- If you wish to present testimony in person, please sign up with the City Crerfi dung the meeting. Written public testimony may be sub- mitted in advance of the meeting by regular U.S. Mail to the City Clark's Office, 220 Fourth Ave- nue South, Kent, WA 98032, or by electronic mail to Cityclerk@kent- wa.gov_ Any advanced written testimony must be reoeiwed no later than 4 p.m. on October 15, 2024,in order to be con- side-red. For further information on the 2025-2026 Bien- nial Budget, the 2025- 2030 Cap1ai Improve- ment Program, or the Proofed by Jennifer Tribbett,09/25/2024 04:04:41 pm Page:2 Classified Proof -,W-WMtx- WNW -Ark 2024 Tax Levy for the 2025 Budget contact the City of Kent Finance DepaWnent at 25a-85f- 52634, An 7sloo, requOrig a d,1 Iti accoir.mocla- flon should contact the City Cleric's Office in ad- If vane at 2534156-5725 For TTD relay service, cad the Washington Taiscornawnkabom Mar- lay Service at 7-1-1. Kimberley A.Komoto City Clark CityClerkQKentM.9uv KEW003034 I0W24,10/11/24 Proofed by Jennifer Tribbett,09/25/2024 04:04:41 pm Page:3 Legal Invoice Date: 10/04/2024 Sound Publishing, Inc. Kent Reporter Unit Attn: A/R PO Box 930 Everett WA 98206-0930 Sill To: Customer Account#: 50431432 City of Kent, City Clerk- LEGAL ADS Legal Description: KEN1003034 220 Fourth Ave S Kent WA 98032 Legal Description: City Notices Desc: CIP TAX LEVY HEARING Legal#: KEN1003034 Ad Cost:$255.52 Ordered By: KIM KOMOTO Published:Kent Reporter Issues Ordered: 2 Start Date: 10/04/2024 End Date: 10/11/2024 Due: $255.52 Please return this with payment. Questions`' Call 1-8004$5-4920 City of Kent, City Clerk- LEGAL ADS Account#: 50431432 220 Fourth Ave S Invoice#: KEN1003034 Kent WA 98032 Due: $255.52 Kent Reporter Affidavit of Publication State of Washington } County of Ding } SS Amanda Kahlke being first duly sworn, upon i oath deposes and says: that he/she is the legal representative of the Kent Reporter a weekly ` newspaper. The said newspaper is a legal I newspaper by order of the superior court in the county in which it is published and is now and l has been for more than six months prior to the i date of the first, publication of the Notice hereinafter referred to, published in the English language continually as a weekly newspaper in King County, Washington and is and always has been printed in whole or part in the Kent Reporter and is of general circulation in said County, and is a legal newspaper, in accordance with the Chapter 99 of the Laws of 1921, as s amended by Chapter 213, Laws of 1941, and approved as a legal newspaper by order of the Superior Court of King County, State of Washington, by order dated June 16, 1941, and that the annexed is a true copy of KEN 1003034 CIP TAX LEVY HEARING as it was published in the regular and entire issue of said paper and not as a supplement form thereof for a period of 2 issue(s), such publication commencing on 10/04/2024 and ending on 10/1 1/2024 and that said newspaper was regularly distributed to its subscribers during all of said period. The amount of the fee for such publication is $255.52. Subscribed and sworn before me on this day of � J� v3INT,y •'p4 une44,; N blic in and for the State of Washington. ��/�. :� •.•• �� Ci,y t;o.u.Cityclerk-LEc,LLADSI5W3ri3'_