HomeMy WebLinkAboutORD 4190 r .
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� � � � CITY OF RENTON, WASHINGTON
ORDINANCE NO. 419 0
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, FIXING THE
ESTIMATED AMOUNT OF TAX LEVIES NECESSARY TO RAISE THE
AMOUNT OF THE ESTIMATED EXPENDITURES FOR THE YEAR 1989 AS
REQUIRED BY RCW 84.52.020; AUTHORIZING THE CITY CLERK TO
CERTIFY SUCH BUDGET OR ESTIMATE OF THE AMOUNT TO BE
RAISED BY TAXATION ON THE ASSESSED VALUATION OF THE
PROPERTY LOCATED WITHIN THE CITY OF RENTON, WASHINGTON.
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN AS
FOLLOWS:
SECTION I: Pursuant to the requirements of RCW 84.52.020, the City of Renton shall
annually certify to King County the amount of levies to be made in support of the City for the
ensuing year, in total and by individual fund.
Pursuant thereto, it is hereby certified that the estimated amount necessary to be raised
by taxation for the calendar year 1989 is the sum of $7,848,963 General Levy, and; $781,528
Excess Levy; and said amount of tax levy is necessary to be levied upon the real and personal
property subject to taxation in the City of Renton for the purpose of raising necessary revenues
for said City for the calendar year 1989, to wit:
TOTAL ASSESSED VALUATION: $2,286,728,734
GENERAL 1989 LEVY RATE: $3.41746
LevyCeiling...................................................................................... $7,762,329
AnnexationLevy.............................................................................. 52,469
Omitted Assessment Levy................................................................ 31,642
RefundFund..................................................................................... 2.523
MAXIMUM 1989 GENERAL TAX LEVY................................... $7,848,963
(Based on 106% Limit)
EXCESS 1989 LEVY RATE: $0.34177
1989 EXCESS LEVY........................................................................ $ 781.528
TOTAL GENERAL AND EXCESS LEVIES................................. $8,630,491
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� � CITY OF RENTON, WASHINGTON ORDINANCE NO. 419 0 CONTINUED
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SECTION II: That said taxes herein provided for are levied for the purpose of raising
revenue sufficient to pay the principal and interest upon the general bonded indebtedness of the
City of Renton, the General Fund, and for carrying on the different departments of the
municipal government of the City of Renton for the fiscal year beginning January 1, 1989, and
ending December 31, 1989; the final budget of the City of Renton is to be adopted and
completed as specified by law.
SECTION III: That the taxes collected from the levies hereby fixed and made, together
with estimated revenues from sources other than taxation which constitute the appropriations of
the City of Renton for the fiscal year 1989, shall be so appropriated and as finally itemized and
classified in the Annual Budget for the fiscal year 1989 to be adopted by the City of Renton as
specified in Chapter 95, Laws of 1969, Extraordinary Session, as amended:
SECTION IV: A certified copy of this ordinance shall be transmitted to the Clerk of the
King County Council and the King County Assessor's Office and such other governmental
bodies as provided by law.
SECTION V: This ordinance shall be effective upon its passage, approval, and five days
after its publication.
PASSED BY THE CITY COUNCIL this 21 s t day of November, 1988.
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Maxine E. Motor, City Clerk
APPROVED BY THE MAYOR this 21 s tda of November, 1988.
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Approv as to form:
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Lawrence J. Warren, City Attorney
Date of publication: November 2 5, 19 8 8
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