HomeMy WebLinkAbout4613 O INANCZ NO.
AN ORDINANCE of the City of Bremerton levying Municipal
Taxes against ail the taxable property within the City limits of
Bremerton for the year 1997 and approving the assessment roll
made by the Assessor of Kitsap County, therefore to be collected in
the year 1998.
WHEREAS the City Council of the City of Bremerton has met and considered its budget
for the calendar year 1998; and
WHEREAS the City Council, in the course of considering the budget for 1998 has
reviewed all sources of revenue and examined ail anticipated expenses and obligations; and
WHEREAS the City Council has determined that, due to ongoing financial needs the City
Council finds that there is a substantial need to increase the regular property tax levy rate above
the rate of inflation;
THE CITY OF BREMERTON DOES HEREBY ORDAIN:
Section 1. The limit factor for the regular levy for the calendar year 1998 shall be 106%
of the highest amount of regular property taxes that could have been lawfully levied in this taxing
district in any year since 1985.
Section 2. A tax on the total valuation of the taxable property of the City of Bremerton
assessed at the rate of $4.0685 per one thousand dollars of assessed value, to generate estimated
tax revenue of $5,414,897 be, and the same is hereby levied against the taxable property located
within the corporate limits of the City of Bremerton, for municipal purposes for the year 1997, to
be collected in the year 1998, and the same to be carded on the tax rolls and collected by the
Treasurer of Kitsap County.
Estimated Levy in Dollars
Assessed Per Assessed
Fund Amount Valuation Thousand
General (includes $4,459,278 $1,330,929,000 $3.3505
Fire Pension)
Emergency Medical 665,465 $1,330,929,000 .5000
UTGO Bond 290,155 $1,330,929,000 .2180
$5,414,897 $4.0685
However, if the Emergency Medical ballot measure submitted to the voters in the
November 4, 1997 election should fail to be approved, then the Emergency Medical levy above
shall be at the rate of $.25 per $1,000 of assessed value.
Section 3. The assessment roll, as made by the County Assessor of Kitsap County,
Washington and reviewed by the County Commissioners of said county, assessing property value
as a basis for taxes for the year 1997, to be collected in the year 1998, in which said roll the
taxable property in the City of Bremerton has been preliminarily assessed in the sum of
$1,330,929,000 be and the said assessment roll is hereby approved as the assessment roll for the
City of Bremerton. This Levy shall be modified, as needed, upon receipt of this final assessment
roll fi.om the County so as to comply with the limitation imposed by RCW 84.55.010.
~. ~., APPROVED by the City Council on the first reading this ,~z~ day of
?~/.~>4-..~ ~&.,~ , 1997.
P(~SED by the city Council of the City of Bremerton on second reading this
day of /J~e-c~-~.A_~ , 1997.
DAVID FARR, Councd President
APPROVED this \~ dayof ~kx>~t~~, 1997.
HORTON, Mayor
ATTEST: