HomeMy WebLinkAbout2454 Ordinance2454 ORDINANCE NO.
AN ORDINANCE amending Section 5.32.070 of the Pasco
Municipal Code and Relating to the Percentage
of Gross Revenues From the Utilities-Occupation
License Tax Reserve For Street Maintenance
WHEREAS, when Ordinance No. 2300 was passed in 1981,
the utility tax rate was at a uniform 8% on all businesses
taxed under PMC 5.32.040 except for any telephone business
which was taxed at 8.4%; and
WHEREAS, Ordinance No. 2406 was passed in 1982 under
the mandate of state law and provides over a 5-year period
for an annual decrease in the rate of tax paid on the
privilege of conducting an electrical energy, natural gas,
or telephone business to a rate of 6%, and
WHEREAS, it was and remains the intent of the City
Council to reserve such percentage of the gross revenues
from the utilities-occupation license tax as would be
generated by a 1% tax rate on the "gross operating revenues"
taxed under Chapter 5.32 PMC for the maintenance, by
overlaying or sealing of asphaltic concrete streets in the
city, NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON
DO ORDAIN AS FOLLOWS:
Section 1. Section 5.32.070 of the Pasco Municipal
Code which now provides that "12 1/2% of the gross proceeds
of all taxes collected under this chapter shall, after each
quarterly collection, be placed into a reserve fund established
by ordinance, and such funds shall be reserved for the
maintenance of overlaying or sealing, of asphaltic concrete
streets in the city," is hereby amended to read as follows:
5.32.070 USE OF FUNDS FOR STREET MAINTENANCE.
Such percent of the gross proceeds of annual
taxes collected under this chapter as would be
generated by a 1% tax rate on the "gross operating
revenues" taxed under this chapter shall, after
each quarterly collection, be placed into a reserve
fund established by ordinance, and such funds
shall be reserved for the maintenance, by overlaying
or sealing of asphaltic concrete streets in the
city.
Section 2. This ordinance shall take effect five (5)
days after passage and publication according to law.
ATTE
PASSED this /6 day of May, 1983 and approved by the
Mayor.
Eve yn 0. Wells, City Clerk
APPROVFA AS TO FORM:
1
reg ubstello, City Attorney
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FINANCE DEPARTMENT
(509) 545 3401
Scan 726-3401
CITY
of
P 0 BOX 293 412 WEST CLARK PASCO, WASHINGTON 99301
May 17, 1983
Tri City Herald
P.O Box 2608
Pasco, Washington 99302
Attn Sue Bateman
Dear Sue
Please publish Ordinance Nos 2452, 2453 and 2454 on the
following date
May 19, 1983
Please send two (2) Affidavits of Publication for each
Sincerely,
Evelyn Wells
City Clerk
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