HomeMy WebLinkAbout4079 Ordinance ORDINANCE NO. 'to 71)
AN ORDINANCE PROVIDING FOR THE 2013 AD VALOREM
TAX LEVY, A LEVY FOR THE 1999 UNLIMITED TAX GENERAL
OBLIGATION BONDS AND A LEVY FOR THE 2002 UNLIMITED
GENERAL OBLIGATION REFUNDING BONDS IN THE CITY OF
PASCO IN ACCORDANCE WITH STATE LAW.
THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DO ORDAIN
AS FOLLOWS:
§1. The City Council of the City of Pasco (the population of which is greater than 10,000)
has met and considered its budget for the calendar year 2012;
§2. The City Council of the City of Pasco after public hearing and after duly considering
all relevant evidence and testimony presented, determined that the City of Pasco requires a
regular levy in the amount of $6,492,514, which does NOT include any of the allowable
percentage increase in property tax revenues from the previous year, and does include amounts
resulting from the addition of new construction and improvements to property and any increases
in the value of state-assessed property, and amounts authorized by law as a result of any
annexations that have occurred and refunds made, in order to discharge the expected expenses
and obligations of the district.
RCW 84.55.120 requires a specific statement regarding the amount of any increase in
regular property tax from the previous year. The actual general levy amount from the previous
year (2012) was $6,327,851. The City Council of the City of Pasco hereby authorizes the
following increase in the regular property tax levy to be collected in the 2013 tax year. The
dollar amount of the increase over the actual levy amount from the previous year shall be $0
(ZERO)which is a percentage INCREASE of 0% (ZERO PERCENT)from the previous year.
This increase is exclusive of additional revenue resulting from the addition of new construction
and improvements, newly constructed wind turbines to property, any increase in the value of
state assessed property, and any additional amounts resulting from any annexations that have
occurred and refunds made.
The property tax from new construction to be included in the actual levy is calculated to
be $164,663. This number is the result of the amount of new construction and improvements to
property of$83,654,800, provided by the Franklin County Assessor's Office, multiplied by the
2012 (prior year) levy rate of $1.968362 per $1,000 of that value. There were no additional
amounts resulting from state assessed utilities as that valuation decreased from the prior year.
There was no additional amounts resulting from any annexations that have occurred or refunds
made.
§3. A tax for the following sums of money which includes new construction and
annexations to defray the expense and liabilities of the City of Pasco be and the same is hereby
levied for the purposes specified against all taxable property in the City for the fiscal year 2013:
General Expense,including Councilmanic Bond Debt Service $6,492,514
1999 Unlimited Tax General Obligation Bond/Library Remodel 61,106
1999 Unlimited Tax General Obligation Bond/Fire Station 77,394
2002 Unlimited Tax General Obligation Refunding Bonds 379.600
$7,010,614
§4. This Ordinance shall take effect five(5)days after passage and publication.
Adopted by the City Council of the City of Pasco, on this 26th day of November,2012.
City of Pasco:
_aet,---f" --
Matt Watkins,Mayor
Attest: Approved As To Form:II 4, /NCO ..,.... ,....,_,.....
D ra . Clark,City Clerk Leland B. Kerr,City Attorney