HomeMy WebLinkAbout01-259 AGENDA BILL
BREMERTON CrTY COUNCIL
1. SUBJECT: ORDINANCE NO. FOR AGENDA OF: Nov. 7_, 2001
ORIGINATING DEPT: Treasurer~Y~(~
Preserving Authority to Levy Proper{y Taxes at a Rate in Rich Har~
Excess of the Rate of Inflation for Possible Use in Future DATE SUBMI Oct. 23~00i~
Years /
~ Comment of back if necessary) EXHIBITS:
Dir. Admin. Service~,~- ~ _.~ ~ Pro ncc
City Attorney ~
Fiscal and Budget"-~~
Operations ~ ~
ENDO.SE NTS ..FO..M^/T,ON__ BVCOUNC,L ....... U rrAL:
The requirereents of Referendum 47, the ¥oters of the State in 100'/, require fhat the City Council pa~ by
super-majoffiy a their intention to ~evy property taxes at a rete greater than the change in the
Implicit Price Deflator, I~D or to ~ ~ for po~ible use in future years. For 2002 tax collection,
the change in the IPD is 1.89% proposed ordinance will not levy taxes for 2002 above the rate of inflation but it
will preserve that lev in future years.
I move to appro/~/e on first reading the ordinance limiting the City's levy capacity to 106% of the 2001 levy.
/
I move toTon second reading Ordinance No. limiting the City's levy capacity to 106% of the 2001 levy.
9. RESPONSIBLE OFFICIAL: Treasurer
ENFORCEMENT OFFICIAL: Mayor
EXPIEATION DATE: 12/31/2002
REVIEW DATE: N/A
10. NOTICE OF ACTION
PULLED TABLED __ APPROVED DISAPPROVED AMENDED
COUNCIL DIRECTIVE:
11. AGENOA BILL
2. CLEARANCE COMMENTS:
5. IMPACT ON NON-PASSAGE:
The City's 2002 and future levy capacity will be limited to the change in the IPD.
6. IMPACT ON STAFFING. BUDGETS, FACILITIES. EQUIPMENT OR OTHER RESOURCES:
As presented in the 2001 - 2002 Biennial Budget and mid-biennium review.
7. RESEARCH SOURCES:
Title 84 RCW and Kitsap County Assessor.