HomeMy WebLinkAboutORD 5863 CITY OF RENTON, WASHINGTON
ORDINANCE N0. 5863
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, ESTABLISHING THE
PROPERTY TAX LEVY FOR THE YEAR 2018 FOR GENERAL CITY OPERATIONAL
PURPOSES IN THE AMOUNT OF $19,400,000.
WHEREAS, the Council has met and considered its budget for the fiscal year 2018; and
WHEREAS,the Council, after hearing and considering all relevant evidence and testimony
presented, determined that, in order to discharge the expected expenses and obligations of the
City and in its best interest, the City of Renton requires a regular property tax levy in the amount
of$19,400,000 for 2018;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO
ORDAIN AS FOLLOWS:
SECTION I. The regular property tax levy is hereby authorized for 2018 in the amount
of$19,400,000.
This amount includes new construction and improvements to property in the amount of
$405,847; re-levy of prior year refunds in the amount of $66,309; adjustments as a result of
annexations that have occurred in the amount of $0; and any increase in the value of state-
assessed property.
SECTION II. The regular levy includes levy for the Firemen's Pension at the rate of
$0.225 per$1,000 assessed valuation.
SECTION III. This ordinance shall be in full force and effect five (5) days after publication
of a summary of this ordinance in the City's official newspaper. The summary shall consist of this
ordinance's title.
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ORDINANCE NO. 5863
PASSED BY THE GTY COUNCIL this 13th day of November, 2017.
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Jason . Seth, ty Clerk
APPROVED BY THE MAYOR this 13th day of November, 2017.
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Denis Law, Mayor
Approved as to form: `����������������,,,���
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Shane Moloney, City Attorney = ' SE L '_ � '
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Date of Publication: 11/17/2017 (Summary) ��'�,,��'oRp`''���������`���Q'�'�.y�`�`
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