HomeMy WebLinkAbout11/23/2015 4B AGENDA BILL �B
CITY OF BREMERTON
CITY COUNCIL
SUBJECT: Approval of Ordinance No. 5290 Study Session Date: November 10, 2015
levying property taxes for collection in 2016 COUNCIL MEETING Date: November 23, 2015
Department: Financial Services
Presenter: Cathy Johnson
Phone: (360) 473-5296
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 .251%.
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As presented during the public hearing ' g-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 2016 Proposed
Budget. In addition, we are also requesting the full 1% increase to the EMS levy. The EMS amount
anticipated in the 2016 Proposed Budget includes this amount.
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, 2015
ATTACHMENTS:
• Ordinance No. 5290 establishing the amount to be collected in 2016 by taxation on the
assessed valuation of taxable property within the City limits of Bremerton and setting the
property levy rate.
• 2016 Tax Year Levy Limit Calculations (from Kitsap County Assessor's Office)
FISCAL IMPACTS (Include Budgeted Amount): The proposed 2016 budget anticipates passage of
this ordinance. For the general property tax levy, 2016 anticipated revenue is $7,086,000 after
adjustment for collection rate and delinquent taxes. For the EMS levy, 2016 anticipated revenue is
$1,216,000 after adjustment for collection rate and delinquent taxes. For the 2010 Public Safety
bond voter approved levy, 2016 anticipated revenue is $850,000 after adjustment for collection rate.
For the 2015 Public Safety bond voter approved levy, 2016 anticipated revenue is $530,000 after
adjustment for collection rate.
STUDY SESSION AGENDA: ❑ No Presentation � Full Presentation
STUDY SESSION ACTION: ❑ Consent Agenda � General Business � Public Hearing
RECOMMENDED MOTION:
Move to approve Ordinance No. 5290 of the City Council of the City of Bremerton, Washington,
establishing the amount to be collected in 2016 by taxation on the assessed valuation of taxable
property within the City limits of Bremerton and setting the property levy rate.
COUNCIL ACTION: [�Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action
Form Updated 01/07/15