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HomeMy WebLinkAboutORD 6171CITY OF RENTON, WASHINGTON ORDINANCE NO.6171 AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, AUTHORIZING A ONE PERCENT (1%) INCREASE IN THE PROPERTY TAX TO BE LEVIED FOR THE YEAR 2026, PLUS INCREASES ATTRIBUTABLE TO NEW CONSTRUCTION AND PRIOR YEAR REFUNDS, PROVIDING FOR SEVERABILITY, AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City Council has properly given notice of the public hearing to consider the city's 2025-2026 proposed budget pursuant to RCW 84.55.120; and WHEREAS, the City Council, after hearing and after duly considering all relevant evidence and testimony presented, has determined that there is a need to increase the property tax revenues from the prior year, in addition to the increase resulting from annexations, the addition of new construction, and improvements to property, and any increases in the value of state - assessed property, in order to discharge the expected expenses and obligation of the city; and WHEREAS, RCW 84.55.120 requires the adoption of a separate ordinance specifically authorizing the property tax increase; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN AS FOLLOWS: SEMON 1. The 2026 regular property tax levy in the amount of $26,770,023 requires an increase of 1.00% or $262,939 above the 2025 levy without consideration for increases attributable to annexation, new construction, improvements to property, and re -levy of prior year refund and correction amounts. Such increase as shown below is hereby authorized. 1 ORDINANCE NO. 6171 2025 Actual Levy $ 26,293,862 Limit Factor of 1% 262,939 New Construction 93,609 Prior Year Refunds 119,613 Annexation - 2026 Regular Levy 26,770,023 SECTION II. 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. 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. PASSED BY THE CITY COUNCIL this 3rd of November, 2025.. APPROVED BY THE MAYOR this 3rd of November, 2uz5. So Pavone, Mayor 2 ORDINANCE NO. 6171 Approved as to form: Shane Moloney, City Attorney Date of Publication: November 6, 2025 (Summary) ORD-FI N:25ORD021:10/15/2025