HomeMy WebLinkAboutORD 5697CITY OF RENTON, WASHINGTON
ORDINANCE NO. 5697
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, ESTABLISHING THE
PROPERTY TAX LEVY FOR THE YEAR 2014 FOR GENERAL CITY OPERATIONAL
PURPOSES IN THE AMOUNT OF $35,520,000.
WHEREAS, the Council has met and considered its budget adjustments for the fiscal
year 2014; and
WHEREAS, the Council, after hearing and 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 $35,520,000 for 2014; and
WHEREAS, the City's actual levy amount from the previous year was $32,606,871;
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 2014 in the amount
of $35,520,000.
This amount includes: a) a correction of the levy base in the amount of $1,468,700
representing the 4.5% levy reduction that was not required in 2013, and b) $340,757 or 1% in
amounts authorized by the levy growth limit factor, for a combined increase of $1,809,457 or
5.55% over the amounts actually levied in 2013. In addition to the increases identified in a) and
b) above, the 2014 levy amount will also include additional revenue resulting from a partial
correction of a 2013 levy error in the amount of $635,986, new construction and improvements
to property in the amount of $364,049, re-levy of prior year refunds in the amount of $100,722,
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ORDINANCE NO. 5697
any increase in the value of state-assessed property, and any other adjustments as a result of
annexations that have occurred.
SECTION Ii. This ordinance shall be effective upon its passage, approval, and five (5)
days after publication.
PASSED BY THE CITY COUNCIL this 2nd day of December , 2013.
A / i
LLM.
Ja^jbn A. Seth, Deputy City Clerk
APPROVED BY THE MAYOR this 2nd day of December , 2013.
Denis Law, Mayor
Approved as to form:
Lawrence J. Warren, City Attorney
Date of Publication: 12/6/2013 ( summary)
ORD:1800:10/28/13:scr
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