HomeMy WebLinkAbout4736 Ordinance - 2025 Ad Valorem (Property Tax) Levy with 1% and Banked CapacityOrdinance – 2025 Ad Valorum Tax - 1
ORDINANCE NO. 4736
AN ORDINANCE OF THE CITY OF PASCO, WASHINGTON,
PROVIDING FOR A ONE PERCENT INCREASE, PLUS THE BANKED
CAPACITY OF FOUR PERCENT IN THE REGULAR PROPERTY TAXES OF
THE CITY FOR LEVY IN 2024 AND COLLECTION IN THE 2025 TAX YEAR;
AND PROVIDING FOR RELATED MATTERS.
THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN
AS FOLLOWS:
Section 1. Findings and Determinations. The City Council of the City of Pasco,
Washington (City), makes the following findings and determinations:
(a) RCW 84.55.120(1) provides that the City Council must hold a public hearing on
revenue sources for the following year’s current expense budget and that the hearing
must include consideration of possible increases in property tax revenues and must be
held prior to the time the City levies the taxes.
(b) RCW 84.55.120(3) provides that the City may not authorize an increase in property tax
revenue from the previous year except by adoption of a separate ordinance or
resolution, pursuant to notice, specifically authorizing the increase in terms of both
dollars and percentage.
(c) Pursuant to proper notice, the City Council held a public hearing (Hearing) on October
21, 2024, to consider the City’s 2025 revenue sources, along with consideration of
possible increases in property tax revenues.
(d) The City’s actual levy amount from the previous year was $13,314,947.
(e) The City has a population that is greater than 10,000.
The City Council, after the Hearing and after duly considering all relevant evidence and
testimony presented, determined that the City requires increase in property tax revenue from the
previous year, in addition to revenue resulting from the addition of new construction and
improvements to property, newly constructed wind turbines, solar, biomass and geothermal
facilities, if the facilities are not state assessed, any increase in the value of state-assessed property,
any annexations that have occurred and any refunds made, in order to discharge the expected
expenses and obligations of the City and in its best interest, and increment value associated with
established Tax Increment Financing Area.
Section 2. Property Tax Increase Authorized. An increase in the regular property
tax levy of the City is authorized for the levy to be collected in the 2025 tax year. The dollar
amount of the increase over the actual levy amount from the previous year is $718,738 (seven
hundred eighteen thousand seven hundred thirty-eight dollars) which is a percentage increase of 5
(five percent) from the previous year. This increase is exclusive of additional revenue resulting
from new construction, improvements to property, any increase in assessed value due to
construction of wind turbine, solar, biomass and geothermal facilities, if the facilities are not state
assessed, any increase in the value of state-assessed property, any annexations that have occurred,
any refunds made, and increment value associated with established Tax Increment Financing Area.
Section 3. Transmittal. The City Clerk is authorized and directed to transmit a
certified copy of this Ordinance to the Franklin County Assessor on or before November 30, 2024.
Section 4. General Authorization and Ratification. The City Manager, the Finance
Director of the City, the City Clerk and other appropriate officers of the City, and each of them
acting alone, are authorized and directed to take any action and to execute any document as in their
judgment may be necessary or desirable to effectuate the provisions of this Ordinance. All prior
actions in furtherance of and consistent with the terms of this Ordinance are ratified and confirmed.
Section 5. Severability. If any section, subsection, sentence, clause, phrase or word
of this Ordinance should be held to the invalid or unconstitutional by a court of competent
jurisdiction, such invalidity or unconstitutionality thereof shall not affect the validity or
constitutionality of any other section, subsection, sentence, clause phrase or word of this
Ordinance.
Section 6. Corrections. Upon approval by the city attorney, the city clerk or the code
reviser are authorized to make necessary corrections to this Ordinance, including scrivener’s errors
or clerical mistakes; reference to other local, state, or federal laws, rules, or regulations; or
numbering or referencing of ordinances or their sections and subsections.
Section 7. Effective Date. This Ordinance, being an exercise of a power specifically
delegated to the City legislative body, is not subject to referendum, and shall take full force and
effect five (5) days after approval, passage, and publication as required by law.
PASSED by the City Council of the City of Pasco, Washington, on this 4th day of
November, 2024.
_____________________________
Pete Serrano
Mayor
APPROVED AS TO FORM:
________________________________
Kerr Ferguson Law, PLLC
City Attorneys
ATTEST:
______________________________
Debra Barham, MMC
City Clerk
Published: Sunday, November 10, 2024
Ordinance – 2025 Ad Valorum Tax - 2