HomeMy WebLinkAboutORD 4099 �, .. � . a � i
` CITY OF RENTON, WASHINGTON
ORDINANCE NO. 4099
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, FIXING
THE ESTIMATED AMOUNT OF TAX LEVIES NECESSARY TO RAISE
THE AMOUNT OF THE ESTIMATED EXPENDITURES FOR THE YEAR
1988 AS REQUIRED BY RCW 84.52.020; AUTHORIZING THE CITY
CLERK TO CERTIFY SUCH BUDGET OR ESTIMATE OF THE AMOUNT
TO BE RAISED BY TAXATION ON THE ASSESSED VALUATION OF
THE PROPERTY LOCATED WITHIN THE CITY OF RENTON,
WASHINGTON.
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN
AS FOLLOWS:
SECTION I: Pursuant to the requirements of RCW 84.52.020, the City of Renton
shall annually certify to King County the amount of levies to be made in support of the
City for the ensuing year, in total and by individual fund.
Pursuant thereto, it is hereby certified that the estimated amount necessary to be
raised by taxation for the calendar year 1988 is the sum of $7,135,183 General Levy and;
$827,716 Excess Levy; and said amount of tax levy is necessary to be levied upon the real
and personal property subject to taxation in the City of Renton for the purpose of raising
the necessary revenues for said City for the calendar year 1988, to wit:
TOTAL ASSESSED VALUATION: $2,030,493,796
GENERAL 1988 LEVY RATE: $3.48761
Levy Ceiling $7,069,091
Annexation Levy 12,476
Omitted Assessment Levy 52,657
Refund Fund 959
MAXIMUM 1988 GENERAL TAX LEVY $7,135,183
(Based on 106% Limit)
EXCESS 1988 LEVY RATE: $0.40764
1988 EXCESS LEVY $ 827,716
TOTAL GENERAL AND EXCESS LEVIES $7,962,899
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CITY OF RENTON, WASHINGTON ORDINANCE NO. 4099 CONTINUED
SECTION II: That said taxes herein provided for are levied for the purpose of
raising revenue sufficient to pay the principal and interest upon the general bonded
indebtedness of the City of Renton, the General Fund, and for carrying on the different
departments of the municipal government of the City of Renton for the fiscal year
beginning January 1, 1988, and ending December 31, 1988; the final budget of the City of
Renton is to be adopted and completed as specified by law.
SECTION III: That 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 1988, shall be so appropriated and
as finally itemized and classified in the Annual Budget for the fiscal year 1988 to be
adopted by the City of Renton as specified in Chapter 95, Laws of 1969, Extraordinary
Session, as amended:
SECTION IV: 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.
SECTION V: This ordinance shall be effective upon its passage, approval, and five
days after its publication.
PASSED BY THE CITY COUNCIL this 23rd day of November, 1987.
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Maxine E. Motor, City Clerk
APPROVED BY THE MAYOR this 23rd day of November, 1987.
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Barbara Y. Shinpoch, Mayor
Approved as to form: �
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Lawrence J. Warren, Cit ttorney
Date of publication: November 27, 1987