HomeMy WebLinkAbout11/06/2013 7C AGENDA BILL 7 C
CITY OF BREMERTON
CITY COUNCIL
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SUBJECT: Public Hearing to adopt Study Session Date Budget Workshops
Ordinance No 5227 levying Property Taxes COUNCIL MEETING Date November 6, 2013
for collection in 2014 Department Financial Services
Presenter Becky Hasart
Phone 360- 473 -5722
SUMMARY: Cities over 10,000 in population are allowed to raise their annual property tax collection
by either 1% or the amount of the July Implicit Price Deflator (IPD), whichever is lower This year,
the IPD was 1 314%
As presented during the public hearing earlier this evening, the City is requesting the full 1 % increase
to our general property tax levy over the prior year's collection, as allowed by law This increase,
along with the amounts anticipated for new construction, has been included in the 2014 Proposed
Budget In addition, we are also requesting the full 1% increase to our EMS levy However, the EMS
levy is subject to the $0 50 per $1,000 cap in the levy rate The EMS amount anticipated in the 2014
Proposed Budget reflects this limitation
RCW 84 52 020 requires all taxing districts to "certify to the county legislative authority, for the
purpose of levying district taxes the amounts to be raised" by property taxes RCW 84 55 120
requires that the certification includes the enabling tax ordinance setting the property tax rate These
documents must be submitted to the county by November 30, 2013
ATTACHMENTS: 2014 Tax Year Levy Limit Calculations (from Kitsap County Assessor's Office)
Ordinance No 5227 establishing the amount to be collected in 2014 by taxation on the assessed
valuation of taxable property within the City limits of Bremerton and setting the property levy rate
FISCAL IMPACTS (Include Budgeted Amount) The proposed 2014 budget anticipates passage of
this ordinance For the general property tax levy, 2014 anticipated revenue is $6,680,132 after
adjustment for collection rate and delinquent taxes For the EMS levy, 2014 anticipated revenue is
$1,197,391 after adjustment for collection rate and delinquent taxes For the Public Safety bond
voter approved levy, 2014 anticipated revenue is $860,000 after adjustment for collection rate
STUDY SESSION AGENDA ❑ No Discussion ® Full Presentation
STUDY SESSION ACTION: ❑ Consent Agenda ❑ General Business ® Public Hearing
RECOMMENDED MOTION:
Move to approve Ordinance No 5227 of the City Council of the City of Bremerton, Washington,
establishing the amount to be collected in 2014 by taxation on the assessed valuation of taxable
property within the City limits of Bremerton and setting the property levy rate
COUNCIL ACTION dApprove ❑ Deny ❑ Table ❑ Continue ❑ No Action
Form Updated 11/02/12