HomeMy WebLinkAboutORD 5731 CITY OF RENTON, WASHINGTON
ORDINANCE NO. 5731
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, ESTABLISHING THE
PROPERTY TAX LEVY FOR THE YEAR 2015 FOR GENERAL CITY OPERATIONAL
PURPOSES IN THE AMOUNT OF $36,420,000.
WHEREAS, the Council has met and considered its budget for the fiscal year 2015 and
2016; 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$36,420,000 for 2015;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DOES
ORDAIN AS FOLLOWS:
SECTION I. The regular property tax levy is hereby authorized for 2015 in the amount
of$36,420,000.
This amount includes: $348,118 or 1% in amounts authorized by the levy growth limit
factor over the maximum allowable levy in 2014. In addition, the 2015 levy amount will also
include additional revenue resulting from partial correction of 2013 levy errors in the amount of
$611,995; new construction and improvements to property in the amount of$524,718; re-levy
of prior year refunds in the amount of $103,802; adjustments as a result of annexations that
have occurred; 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.
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ORDINANCE NO. 5731
SECTION III. This ordinance shall be effective upon its passage, approval, and five (5)
days after publication.
PASSED BY THE CITY COUNCIL this 3rd day of November , 2014.
Jason I.
Seth, AcangCity Clerk
APPROVED BY THE MAYOR this 3rd day of November , 2014.
L--
Denis Law, Mayor
Approved as to form: f
_ SEAQ,
Lawrence J. Warren, City Attorney
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Date of Publication: 11/7/2014 (summary)
ORD:1841:10/21/14:scr
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