HomeMy WebLinkAbout11/18/2009 7C4 DATE SUBMITTED: November 5, 2009
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
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SUBJECT: Passage of Resolution No. Committee Meeting Date: Budget Sessions
3 I Oo2- making a declaration of COUNCIL MEETING Date: November 18, 2009
substantial need for purposes of the setting Department: Financial Services
the limit factor for the general property tax Presenter: Andy Parks
levy and EMS levy for 2010 Phone: 5722
5UMMARY: RCW 84.55.010 provides that a taxing jurisdiction may levy taxes in an amount no
more than the limit factor multiplied by the highest levy of the most recent three years plus additional
amounts resulting from new construction and improvements to property, and any increase in the value
of state-assessed utility property.
RCW 84.55.005(2)(c) allows for the taxing jurisdiction with a population of 10,000 or over to use a
limit factor as the lesser of 101 percent or 100 percent plus inflation. Currently the taxes levied in the
City of Bremerton in 2009 for collection in 2010 will decrease except for the amounts resulting from
new construction and improvements to property, and any increase in the value of state-assessed utility
property.
RCW 84.55.0101 provides for use of a limit factor of 101 percent or less with a finding of substantial
need by a majority plus one vote of council members. The City general fund revenues are decreased
from 2008 for the second consecutive year. The additional property tax authority will provide
funding to be used for public safety, street maintenance, and preservation of the City's other basic,
core services.
ATTACHMENTS: Draft Ordinance
FISCAL IMPACTS (Include Budgeted Amount): The estimated net increase in the 2010 general
property tax levy, if the resolution is approved, is $111,761 (Increase of $60,491 versus decrease of
$51,270). The maximum EMS levy rate of $.50 is estimated to be levied in 2010 regardless and will
not have any financial impact in 2010. The estimated additional authority of $15,424 will carry
forward to future years for purposes of determining the maximum EMS levy authority.
APPROVALS:
DEPARTMENT DIRECTOR:
CITY ATTORNEY: �
_.
FINANCE DIRECTOR: - - " � �
MAYOR: ��y
CONSENT AGENDA , n
GENERAL BUSINESS� �
COMMITTEE CHAIR r PUBLIC HEARING
COUNCIL PRESIDENT:
, RECOMMENDED MOTION: Move to pass Resolution No. 3 �� o�. making a declaration
of substantial need for purposes of the setting the levy limit increase at 1% for 2010.
�I COiJNCIL ACTION: �prove ❑ Deny ❑ Table ❑ Continue ❑ No Action
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