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Home My WebLink About11/05/2025 4BAGENDABILL CITY OFBREMERTON 4BCITYCOUNCIL SUBJECT:Study SessionDate: 10/22/2025 Public HearingonOrdinanceNo. 5525to COUNCILMEETINGDate: 11/05/2025 levyProperty TaxesforCollectionin2026 Department: FinancialServices Presenter: MikeRiley& Missy Gaines Phone: (360) 473-5303 SUMMARY:Citiesover10,000inpopulation areallowed toraisetheirannualpropertytaxcollection byeither1% orthe amountoftheJulyImplicitPrice Deflator (IPD), whichever islower. Thisyear, theIPD was2.44%. TheCityisrequestingthefull1% increasetoourgeneralpropertytaxandEMSlevyovertheprior construction, hasbeenincluded in the2025-2026Proposed Mid-BienniumBudget. RCW84.52.020requ requires thatthecertificationincludes theenablingtaxordinancesetting thepropertytaxrate. These documents mustbe submittedtothecounty byDecember 1, 2025. ATTACHMENTS:1. OrdinanceNo.5525;2. Power PointPresentation FISCAL IMPACTS(IncludeBudgetedAmount): Theproposed 2025-2026mid-bienniumbudget anticipates passage ofthisordinance. Budgeted revenuematches thelevyamounts asthetotal collections inrecentyearscloselyapproximatetheactualamountcollected. IntheGeneral Fund revenue fromthegeneralpropertytaxlevyis $9,450,072andtheEMSlevyis $3,253,363. Revenue fromvoterapproved levies arebudgetedinDebtServicefundsandinclude $900,000forthe2010 PublicSafetybond. STUDY SESSION ACTION:Consent Agenda GeneralBusiness PublicHearing RECOMMENDED MOTION: MovetopassOrdinanceNo. 5525establishing theamounttobecollectedin2026bytaxation onthe assessed valuationoftaxable propertywithin theCitylimits ofBremerton andsettingtheproperty levy rate. COUNCIL ACTION: Approve Deny Table Continue NoAction FormUpdated 04/19/2024 Docusign Envelope ID: 3988DC87-F51F-4D48-8FD0-0108A857A49E