HomeMy WebLinkAbout4673 ORDINANCE NO. 4673
AN ORDINANCE of the City of Bremerton stating the intent of
the City to increase the levy of general property taxes for the City
of Bremerton at a rate in excess of the increase in the implicit price
deflator.
WHEREAS the City Council of the City of Bremerton has met and considered its budget
and the financial requirements of the City for the calendar 1999-2000 biennium and the amounts
necessary and available to be raised by ad valorem taxes on real, personal and utility property
which are included therein; and
WHEREAS the City Council of the City of Bremerton has determined that, due to
ongoing financial needs, the City has a substantial need to increase the regular property tax levy
above the rate of change in the implicit price deflator;
THE CITY OF BREMERTON DOES HEREBY ORDAIN:
Section 1. In order that the City may preserve its future levy capacity, the limit factor for
the regular levy and the EMS levy for the calendar year 2000 shall be 106% (4.9858% more than
the rate of change in the implicit price deflator) of the highest amount of regular property taxes
that could have been lawfully levied in the City in any year since 1986.
Section 2. This ordinance shall become effective ten (10) days from its passage and
publication.
APPROVED by the City Council of the City of Bremerton on this 27th day of
October, 1999.
PASSED by the City Council of the City of Bremerton on this 3rd day of
November, 1999.
MIKI~' SI-I~PHERD, Council President
APPP. OVEO this ct day of 1999.
LYNN S. HORTON, Mayor
ATTEST:
KATHLEEN L. McCLUSKEY, City Clerk