Loading...
HomeMy WebLinkAbout5386 ORDINANCE NO. 5386 AN ORDINANCE of the City Council of the City of Bremerton, Washington, 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. WHEREAS, the City Council attests that the population of the City of Bremerton for 2020 is 42,081; and WHEREAS,the City Council has properly given notice of the public hearing held on November 13, 2019,to consider the City's revenue sources for the City's General Fund budget; and WHEREAS,the City's actual levy amount from the previous year, including any refunds and abatements levied was $7,619,234; and WHEREAS,the City's actual EMS levy amount from the previous year, including any refunds and abatements levied was $1,306,777; and WHEREAS, the City Council, after hearing and duly considering all relevant evidence and testimony presented, has determined that the City of Bremerton requires a regular levy and EMS levy in the maximum amounts allowable,which is a 1.0%increase to the highest lawful levy allowed by law. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BREMERTON, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. That an increase in the regular property tax levy is hereby authorized for the levy to be collected in the 2020 tax year. The dollar amount of the increase over the actual levy from the previous year shall be $59,903 which is an effective percent increase of 0.78621%from the previous year levy. This increase is exclusive of additional revenue resulting from new construction, any increase in the value of state assessed property, and any additional amounts resulting from any annexations that have occurred and refunds made. SECTION 2. That an EMS levy is hereby authorized for the levy to be collected in the 2020 tax year. The dollar amount of the increase over the actual levy from the previous year shall be $695,754 which is an effective percent increase of 0.130934%from the highest allowable levy. This increase is exclusive of additional revenue resulting from new construction, any increase in the value of state assessed property, and any additional amounts resulting from any annexations that have occurred and refunds made. This levy is further subject to the maximum allowable levy rate of$0.50 per$1,000 of assessed valuation. 1 2020 Property Tax SECTION 3. That a property tax levy for debt redemption of the 2010 Public Safety UTGO Refunding Bonds, as previously authorized by the voters, is hereby authorized to levy property taxes to be collected in 2020 at a rate sufficient to provide $900,000 needed to meet debt service obligations in 2020. SECTION 4. That a property tax levy for debt redemption of the 2015 Public Safety UTGO Bonds, as previously authorized by the voters, is hereby authorized to levy property taxes to be collected in 2020 at a rate sufficient to provide $550,000 needed to meet debt service obligations in 2020. SECTIONS. Severability. If any one or more sections, subsections, or sentences of this Ordinance are held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portion of this Ordinance and the same shall remain in full force and effect. SECTION 6. Effective Date. This ordinance shall take effect and be in force ten(10) days from and after its passage, approval and publication as provided by law. PASSED by the City Council the a.Okin day of Po r , 2019 Lewu . I..711eTas r ERIC YOUNGER, ouncil President Approved this Z 1 sit day of NIovtw. , 2019 GREG ELER, Mayor ATTEST: APPROVED AS TO FORM: ,/x•11 ANG WQOD,S, City Clerk Rd ER A. LUBOVICH, Cit ttorney -HoovI. PUBLISHED the "V'hday of N Ata rr be r- , 2019 EFFECTIVE the Li-1'h day of 'eecemb£r- , 2019 ORDINANCE NO. 53ea c4 2 2020 Property Tax