HomeMy WebLinkAboutORD 5637CITY OF RENTON, WASHINGTON
ORDINANCE NO. 5637
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, ESTABLISHING THE
PROPERTY TAX LEVY FOR THE YEAR 2012 FOR GENERAL CITY OPERATIONAL
PURPOSES IN THE AMOUNT OF $33,400,000.
WHEREAS, the Council has met and considered its budget adjustments for the fiscal
year 2012;and
WHEREAS, the Council, 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 $33,400,000 for 2012, which includes an increase in property tax revenue from the
following sources: a) an increase from the previous year of two percent (2%), 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 e) re-levy of 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 2012 in the amount
of $33,400,000.
This amount includes revenue resulting from the following sources: a) an increase from
the previous year of two percent (2%), b) amounts resulting from the addition of new
construction and improvements to property, c) any increase in the value of state-assessed
1
ORDINANCE NO. 5637
property, d) amounts authorized by law as a result of any annexations that have occurred, and
e) amounts resulting from the re-levying of any 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 21st day of November 2011.
APPROVED BY THE MAYOR this 21st day of November , 2011.
Approved as to form:
Lawrence J. Warren, City Attorney
Date of Publication: 12/2/2011 (summary)
ORD:1737:10/31/ll:scr
2