HomeMy WebLinkAbout11/20/2019 5H AGENDA BILL
CITY OF BREMERTON 5 H
CITY COUNCIL
SUBJECT: Ordinance No. 5386 levying Study Session Date: November 13, 2019
Property Taxes for Collection in 2020 COUNCIL MEETING Date: November 20, 2019
Department: Financial Services
Presenter: Mike Riley
Phone: (360) 473-5303
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 1.396 %.
As presented during the public hearing earlier on November 6th, 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 2020
Proposed Budget. In addition, we are also requesting to reset the EMS levy to the full .50 per 1000
as proposed in Proposition #1 resulting in a $695,754 increase over prior year. The EMS amount
anticipated in the 2020 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, 2019.
ATTACHMENTS: Ordinance No. 5386 establishing the amount to be collected in 2020 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 2020 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 $7,863,023 and the EMS levy is $2,002,531. Revenue from voter
approved levies are budgeted in Debt Service funds and include $900,000 for the 2010 Public Safety
bond and $550,000 for the 2015 Public Safety bond.
STUDY SESSION AGENDA: 0 Limited Presentation ❑ Full Presentation
STUDY SESSION ACTION: 0 Consent Agenda ❑ General Business ❑ Public Hearing
RECOMMENDED MOTION:
Move to pass Ordinance No. 5386 establishing the amount to be collected in 2020 by taxation on the
assessed valuation of taxable property within the City limits of Bremerton and setting the property
levy rate.
COUNCIL ACTION: rove A
pp ❑ Deny ❑ Table ❑ Continue ❑ No Action
Form Updated 01/02/2018