HomeMy WebLinkAboutORD 1799ORDINANCE NO./ 7 71q
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, FIXING
THE .AMOUNT OF TAX LEVIES NECESSARY TO MEET THE AMOUNT
OF ESTIMATED EXPENSES FOR THE YEAR 1960 LESS THE TOTAL
ESTIMATED REVENUES FROM SOURCES .OTHER THAN TAXATION,
INCLUDING AVAILABLE SURPLUS.
BE IT ORDAINED BY THE.MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON, AS FOLLOWS:
SECTION I: The total amount of estimated expenditures required for the
City of.Renton for the year 1960 is the sum of $2,944,342.00. The total estimated
revenues from sources other than taxation, including available surplus, is the sum
of $2,210,211.00; therefore, the amount necessary to be raised by taxation is the
sum of $734,131.00.
SECTION II: There is hereby levied and assessed against the taxable
property, real and personal, within the corporate limits of the City of Renton,
Washington, for the purpose of raising the necessary revenues for said City for the
year 1960, the following amounts,. to -wit: (Total Assessed Valuation - $46,808,665.00)
For
Current Expense Fund . . . . . .
. 12.657
mills -
For
Cumulative Reserve Fund #1184. .
. .228
mills -
For
Cumulative Reserve Fund #1689. .
. .069
mills -
For
Cumulative Reserve Fund #1698
for Fire Department. . . . . . .
. .396
mills -
For
Depreciation Reserve Fund. . . .
. .197
mills -
For
Firemen's Pension Fund . . . . .
. 1.000
mills
For
General Obligation Bonds
.453
mills -
TOTAL . . . . . 15.000 mills
Excess Millage
General Obligation Bonds . . . . . . . .806 mills
TOTAL. . . . . . . . . . .
$ 592,500.00
10,652.00
3,242.00
18,528.00
9,264.00
46,808.00
21,136.00
$ 702,130.00
32,001.00
$ 734,131.00
(NOTE: Excess Levy based on valuation of $39,733,509.00)
S9CTION III: A certified copy of this Ordinance shall be transmitted to
the King County Commissioners and such other governmental agencies as provided by
law.
SECTION IV: This Ordinance shall be in full force and effect from
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and after its passage, approval and publication.
PASSED by the City Council this 9th
v
APPROVED by the Mayor this 9th day of -October, 1959.
JOE R. BAXTER, Mayor
'D AS TO FORM:
i
D M. SHELLAN, City Attorney
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