HomeMy WebLinkAbout11/18/2009 7C2 DATE SUBMTTTED: November 5, 2009
AGENDA BILL
CITY OF BREMERTON
CITY COLTNCIL
....................o..................................................................�
SUBJECT: Additional Payment in Lieu of Committee Meeting Date: Budget Sessions
Tax (PILOT) fee to provide additional COiJNCIL MEETING Date: November 18, 2009
funding to the City's general fund. Department: Financial Services
�Y`dUl�/�Ce S Og (p Presenter: Andy Parks
-� Phone: 5722
SUMMARY: Current economic conditions have resulted in significantly reduced revenue to the
City's general fund beginning in late 2008, continuing throughout 2009, and projected to continue
through 2010. To provide additional funding to maintain City service levels at minimum levels
committed to through various outside grants and local voter approved property tax increases (EMS
Levy) a non-permanent Additional PILOT of six percent (6%) is included in the 2010 proposed
general fund budget and utility budgets.
ATTACHMENTS: Draft Ordinance
FISCAL IMPACTS (Include Budgeted Amount): The estimated additional revenue to the City's
general fund is $1.5 million. The estimated cost to the City's utilities is $73,000 Stormwater,
$472,000 Wastewater, and $955,000 Water. All amounts are reflected in the 2010 proposed budget.
APPROVALS: �
DEPARTMENT DIRECTOR:
CITY ATTORNEY:
FINANCE DIRECTOR:
MAYOR:
CONSENT AGENDA ❑
GENERAL BUSINESS
COMMITTEE CHAIR PUBLIC HEARING
COUNCIL PRESIDENT:
RECOMMENDED MOTION: Move to approve Ordinance No. �� �P amending BMC
Chapter 3.50 relating to utility taxes for water, wastewater and stormwater utilities.
COiJNCIL ACTION: [�Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action