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ORD 6086
CITYOFRENTON,WASHINGTONORDINANCENO.6086ANORDINANCEOFTHECITYOFRENTON,WASHINGTON,AUTHORIZINGTHEDOLLARAMOUNTANDPERCENTAGEINCREASEFORTHEPROPERTYTAXTOBELEVIEDFORTHEYEAR2023,PROVIDINGFORSEVERABILITY,ANDESTABLISHINGANEFFECTIVEDATE.WHEREAS,theCityCouncilhasproperlygivennoticeofthepublichearingtoconsiderthecity’s2023-2024proposedbudgetpursuanttoRCW84.55.120;andWHEREAS,theCityCouncil,afterhearingandafterdulyconsideringallrelevantevidenceandtestimonypresented,hasdeterminedthatthereisaneedtoincreasethepropertytaxrevenuesfromtheprioryear,inadditiontotheincreaseresultingfromannexations,theadditionofnewconstruction,andimprovementstoproperty,andanyincreasesinthevalueofstate-assessedproperty,inordertodischargetheexpectedexpensesandobligationofthecity;andWHEREAS,RCW84.55.120requirestheadoptionofaseparateordinancespecificallyauthorizingthepropertytaxincrease;NOW,THEREFORE,THECITYCOUNCILOFTHECITYOFRENTON,WASHINGTON,DOORDAINASFOLLOWS:SECTIONI.The2023regularpropertytaxlevyintheamountof$25,285,929requiresanincreaseof7.44%or$1,733,001abovethe2022levywithoutconsiderationforincreasesattributabletoannexation,newconstruction,improvementstoproperty,andre-levyofprioryearrefundandcorrectionamounts.Theincreaseof$1,733,001includesa1%increaseor$233,001ofthecity’sprioryearpropertytaxlevy,andadditionallevyof$1,500,000inbankedcapacity.Thecityhasbankedcapacityduetothenotlevyingthemaximumallowableamountinprioryears.Suchincreaseasshownbelowisherebyauthorized.1 ORDINANCENO.60862022ActualLevy$23,300,071LimitFactorof1%233,001NewConstruction178,629PriorYearRefunds74,229Annexation-Additionallevy-useofbankedcapacity1,500,0002023RegularLevy25,285,929SECTIONII.Ifanysection,subsection,sentence,clause,phrase,orwordofthisordinanceshouldbeheldtobeinvalidorunconstitutionalbyacourtorcompetentjurisdiction,suchinvalidityorunconstitutionalitythereofshallnotaffecttheconstitutionalityofanyothersection,subsection,sentence,clause,phrase,orwordofthisordinance.SECTIONIll.Thisordinanceshallbeinfullforceandeffectfive(5)daysafterpublicationofasummaryofthisordinanceintheCity’sofficialnewspaper.Thesummaryshallconsistofthisordinance’stitle.PASSEDBYTHECITYCOUNCILthis14thdayofNovember,2022.JasoA.SethJcityClerkAPPROVEDBYTHEMAYORthis14thdayofNovember,2022.ie,Mayor2 ORDINANCENO.6086Approvedastoform:ShaneMoloney,CityAttorneyDateofPublication:11/17/2022(Summary)ORD-FIN:2251:10.26.222