HomeMy WebLinkAbout11/07/2018 8AAGENDA BILL
CITY OF BREMERTON ��
CITY COUNCIL
SUBJECT: Ordinance No. 5356 levying Study Session Date:
Property Taxes for Collection in 2019 COUNCIL MEETING Date:
Department:
Presenter:
Phone:
October 24, 2018
November 7, 2018
Financial Services
DeWayne Pitts
(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 2.169 %.
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 2019 Proposed
Budget. In addition, we are also requesting the full 1% increase to the EMS levy. The EMS amount
anticipated in the 2019 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, 2018.
ATTACHMENTS: Ordinance No. 5356 establishing the amount to be collected in 2019 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 2019 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 $7,589,930 and the EMS levy is $1,301,697. Revenue from voter
approved levies are budgeted in Debt Service funds and include $780,000 for the 2010 Public Safety
bond and $480,000 for the 2015 Public Safety bond.
STUDY SESSION AGENDA: ❑ Limited Presentation ❑x Full Presentation
STUDY SESSION ACTION: ❑ Consent Agenda ❑x General Business ❑ Public Hearing
RECOMMENDED MOTION:
Move to pass Ordinance No. 5356 establishing the amount to be collected in 2019 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 01/02/2018
❑ Deny ❑ Table ❑ Continue ❑ No Action