HomeMy WebLinkAboutORD 5730 CITY OF RENTON, WASHINGTON
ORDINANCE NO. 5730
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, AUTHORIZING THE
PROPERTY TAX LEVY FOR THE YEAR 2015.
WHEREAS, the Council has properly given notice of the public hearing to consider the
City's 2015-16 proposed budget pursuant to RCW 84.55.120; and
WHEREAS, the Council, after hearing and after 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 increases 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 obligations of the
City;
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, which is made up of the 2014 base levy plus the following:
• 1%growth limit factor in the amount of$348,118;
• New annexation levy in the amount of$20,176;
• New construction levy in the amount of$524,718;
• Re-levy of prior year refunds in the amount of$103,802; and
• Re-levy of prior year corrections in the amount of$611,995.
This is an increase of $896,000 or 2.5% from the 2014 actual regular levy of
$35,524,502.
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ORDINANCE N0. 5730
Without the annexation levy, new construction levy, and re-levy of prior year refunds
and correction amounts, the base 2015 levy is $35,159,903, which is 1.03% or $364,599 below
the actual 2014 levy.
SECTION II. 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.
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Jas o A. Seth, Acting City Clerk
APPROVED BY THE MAYOR this 3rd day of No ember —12014.
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Denis Law, Mayor
Approved as to form:
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Lawrence J. Warren, City Attorney
Date of Publication: 11/7/2014 (summary)
ORD:1845:10/22/14:scr
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