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HomeMy WebLinkAbout11/16/2011 6A AGENDA BILL CITY OF BREMERTON (014 CITY COUNCIL ■■ eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee SUBJECT: Public Hearing on Revenue Study Session Date November 9, 2011 Sources f r the 2012 Budget, and Ordinance COUNCIL MEETING Date November 16, 2011 No -5/1v V levying Property Taxes for Department Financial Services collection in 2012 Presenter Becky Hasart Phone 473 -5722 SUMMARY: The City's property taxes are levied on an annual basis through passage of an ordinance The proposed ordinance will implement a general property tax levy and a voted EMS levy at the statutory rate limit as well as a bond redemption levy at a rate adequate to provide funds necessary to meet debt service obligations ATTACHMENTS: Ordinance No 51 &8 FISCAL IMPACTS (Include Budgeted Amount) The proposed 2012 budget anticipates property tax revenues based on this action APPROVALS: DEPARTMENT DIRECTOR CITY ATTORNEY FINANCE DIRECTOR MAYOR RECOMMENDED MOTION: Move to a ove Ordinance No Na levying property taxes for collection in 2012 No action required on Revenue Sources - -- Public Comment only STUDY SESSION ACTION: ❑ Consent Agenda ❑ General Business [Public Hearing COUNCIL PRESIDENT ee `P COUNCIL ACTION: ❑ Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action Form Updated 11/02/2011