HomeMy WebLinkAbout11/16/2016 6EAGENDA BILL
CITY OF BREMERTON 6E
CITY COUNCIL
SUBJECT: Ordinance No. 5313 levying Study Session Date:
Property Taxes for Collection in 2017 COUNCIL MEETING Date:
Department:
November 9, 2016
November 16, 2016
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 .953%.
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 2017 Proposed
Budget. In addition, we are also requesting the full 1 % increase to the EMS levy. The EMS amount
anticipated in the 2017 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, 2016.
ATTACHMENTS:
Ordinance No. 5313 establishing the amount to be collected in 2017 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 2017 budget anticipates passage of.
this ordinance. Budgeted revenue matches the levy amounts as the total collections in recent years
closely approximate the actual amount collected. In the General Fund revenue from the general
property tax levy is $7,205,000 and the EMS levy is $1,235,700. Revenue from voter approved
levies are budgeted in Debt Service funds and include $815,000 for the 2010 Public Safety bond and
$500,000 for the 2015 Public Safety bond.
STUDY SESSION AGENDA: ❑x No Presentation ❑ Full Presentation
STUDY SESSION ACTION: ❑ Consent Agenda ❑ General Business 91 Public Hearing
RECOMMENDED MOTION:
Move to pass Ordinance No. 5313 establishing the amount to be collected in 2017 by taxation on the
assessed valuation of taxable property within the City limits of Bremerton and setting the property
levy rate.
COUNCIL ACTION: [✓Approve
Form Updated 01/07/15
❑ Deny ❑ Table ❑ Continue ❑ No Action