HomeMy WebLinkAboutORD 6086CITY OF RENTON, WASHINGTON
ORDINANCE NO. 6086
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, AUTHORIZING THE
DOLLAR AMOUNT AND PERCENTAGE INCREASE FOR THE PROPERTY TAX TO BE
LEVIED FOR THE YEAR 2023, 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 2023-2024 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:
SECTION I. The 2023 regular property tax levy in the amount of $25,285,929 requires
an increase of 7.44% or $1,733,001 above the 2022 levy without consideration for increases
attributable to annexation, new construction, improvements to property, and re -levy of prior
year refund and correction amounts. The increase of $1,733,001 includes a 1% increase or
$233,001 of the city's prior year property tax levy, and additional levy of $1,500,000 in banked
capacity. The city has banked capacity due to the not levying the maximum allowable amount in
prior years. Such increase as shown below is hereby authorized.
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ORDINANCE NO.6086
2022 Actual Levy
$ 23,300,071
Limit Factor of 1%
233,001
New Construction
178,629
Prior Year Refunds
74,229
Annexation
-
Additional levy - use of banked capacity
1,500,000
2023 Regular Levy
25,285,929
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 or 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 14th day of November, 2022.
APPROVED BY THE MAYOR this 14th day of November, 2022.
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ORDINANCE NO. 6086
Approved as to form:
Shane Moloney, City Attorney
Date of Publication: 11/17/2022 (Summary)
ORD- FIN: 2251: 10.26.22