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HomeMy WebLinkAboutORD 6144CITY OF RENTON, WASHINGTON ORDINANCE NO. 6144 AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, ESTABLISHING THE PROPERTY TAX LEVY FOR THE YEAR 2025 FOR GENERAL CITY OPERATIONAL PURPOSES IN THE AMOUNT OF $26,336,260, PROVIDING FOR SEVERABILITY, AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the Council has met and considered its budget for the fiscal year 2025; 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 levy in the amount of $26,336,260 for 2025; 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 2025 in the amount of $26,336,260. This amount includes new construction and improvements to property in the amount of $229,506; re -levy of prior year refunds in the amount of $65,423; 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 11. The regular levy includes levy for the Firemen's Pension at the rate of $0.225 per $1,000 assessed valuation. SECTION III. If any section, subsection, sentence, clause, phrase, or word of this ordinance should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality thereof shall not affect the constitutionality of any other section, subsection, sentence, clause, phrase, or word of this ordinance. 1 ORDINANCE NO. 6144 SECTION IV. 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. PASSED BY THE CITY COUNCIL the 18th day of November. 2024. APPROVED BY THE MAYOR the 18th day of November, LVL,F Approved as to form: Shane Moloney, City Attorney Date of Publication: 11/21/2024 (Summary) ORD-FIN:24ORD020:10/22/24 It - Armoric o Pavone, Mayor OF O * SEA :2�= i 'Po NIS SEN, 2