HomeMy WebLinkAboutORD 4486 CITY OF RENTON, WASHINGTON
ORDINANCE N0. 4486
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, FIXING
THE RATES AND/OR AMOUNT OF TAXES TO BE LEVIED, AND
LEVYING THE SAME UPON ALL TAXABLE PROPERTY, BOTH REAL
AND PERSONA�, IN THE CITY OF RENTON, WASHINGTON, TO
FINANCE THE DEPARTMENTS AND ACTIVITIES OF CITY
GOVERNMENT, AND TO PROVIDE FOR ,THE GENERAL OBLIGATION
BOND PRINCIPAL AND INTEREST REDEMPTION REQUIREMENTS FOR
THE �EAR BEGINNING ON THE FIRST DAY OF JANUARY 1995.
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN
AS FOLLOWS:
SECTION I. There is hereby levied a tax on all taxable
property, both real and personal within the City of Renton and
subject to taxation under the laws of the State of Washington, on
the first day of January 1995, at the rate of Three Do.11ars and
Sixty Cents ( $3 . 60) per thousand dollars of assessed value of such
�property, such tax being levied for the purpose of raising
sufficient revenues to finance the various depar.tments and
activities of the municipal government of The City of Renton for
the fiscal (calendar) year 1995 .
Provided, that where State statute stipulates another rate
on a class of personal property, such rate shall apply; and
provided further that in the event such rate, when extended, would
generate taxes in excess of the maximum amount allowed by law,
then such rate shall be reduced to the rate that will generate the
following amounts :
Estimated 1995 General Property Taxes: $12,375,149
Estimated 1995 Fire Pension Property Taxes: 277,000
Estimated 1995 Excess Levy Property Taxes: 1,277,000
Total General and Excess Levies: $13,929.149
ORDf NANCE NO. 4 4 8 6
SECTION II. 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 1995, shall be so appropriated and as finally
itemized and classified in the Annual Budget for the fiscal year
1995 be adopted by the City of Renton as specified in Chapter 95,
Laws of 1969, Extraordinary Session, as amended:
SECTION III. 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.
SECTIOI� IV. This ordinance shall be effective upon its passage,
approval, and five days after its publication.
PASSED BY THE CITY COUNCIL this �5�tht day of "December, 1994 .
Marilyn etersen, City Clerk
APPROVED BY THE MAYOR this :5�:h,. day of :Decembe.�, 1994 .
Earl C ymer, N1( or
Approv as to form:
G�I�^�/V!
Lawrence J. W rren, City Attorney
Date of Publication: December 9 , 1994
ORD.412 : 11/23/94 :as .
2 4,�.�C 1/23/94