HomeMy WebLinkAboutORD 5424CITY OF RENTON,WASHINGTON
ORDINANCE NO.5424
AN ORDINANCE OF THE CITY OF RENTON,WASHINGTON,
ESTABLISHING THE PROPERTY TAX LEVY FOR THE YEAR 2009
FOR BOTH GENERAL PURPOSES AND FOR VOTER APPROVED
BOND ISSUES.
WHEREAS,the City of Renton has met and considered its budget for the calendar year
2009;and
WHEREAS,the City of Renton,after hearing and duly 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 $31,300,000,which includes an increase in property tax revenue from the following
sources:a)an increase from the previous year of one-percent,b)amounts resulting from the
addition of new construction and improvements to property,c)any increase in the value of state-
assessed property,and d)amounts authorized by law as a result of any annexations that have
occurred and refunds made;
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 the 2009
levy in the amount of $31,300,000,which is an increase of 0.76 percent from the previous year
plus an amount for new construction and annexations.
This increase includes revenue resulting from the following sources:a)an increase from
the previous year of 0.76 percent,b)amounts resulting from the addition of new construction
and improvements to property,c)any increase in the value of state-assessed property,and d)
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ORDINANCE NO.5424
amounts authorized by law as a result of any annexations that have occurred,and e)refunds
made.
SECTION II.This ordinance shall be effective upon its passage,approval,and
five (5)days after publication.
PASSED BY THE CITY COUNCIL this 17th day of November
Bonnie 1.Walton,City Clerk
APPROVED BY THE MAYOR this 17th day of November
Denis Law,Mayor
Approved as to form:
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Lawrence J.Warren,City Attorney
Date of Publication:11/22/2008 (summary)
ORD.1514:10/31/08:scr
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,2008.
,2008.