HomeMy WebLinkAbout1995.09.27 Council MinutesMINUTES
PASCO CITY COUNCIL
SPECIAL MEETING SEPTEMBER 27, 1995
CALL TO ORDER
The meeting was called to order at 7 30 P M by Joyce DeFelice, Mayor
ROLL CALL
By Administrative Assistant Councilmembers present Joyce DeFelice,
Dan Lathim, Mike Gamson, Charles Kilbury, and Carl Strode
Councilmember(s) absent Edgar Hargrow Also present Gary
Crutchfield, City Manager, Leland B Kerr, Acting City Attorney, Dan
Underwood, Finance Director, Bob Alberts, Public Works Director, Greg
Garcia, Fire Chief, Denis Austin, Police Chief, Dennis Wright, City
Engineer, Richard Smith, Community & Economic Dev Director, and
Kurt Luhrs, Administrative Assistant
NEW BUSINESS
Public Hearing to Consider Revenue Sources for the 1996 General Fund
Budget and Setting the 1996 Property Tax Levy Mr Dan Underwood,
Finance Director, addressed Council and noted for the record that notice
of the public hearmg was published as required by law
Mr Underwood explained that Chapter 251, Laws of 1995 added a new
item to the budget calendar The Council must hold a public hearing on
revenue sources for the next year's General Fund budget The hearmgs
must include considerations of possible increases in property tax
revenues and must be held before the property tax levy is submitted to
the County The property tax levy must be set by November 30, 1995
Mr Underwood outlined the following sources of revenue for the City of
Pasco General property tax, retail sales tax, utility taxes (natural gas,
solid waste, cable TV, telephone, electricity, water and sewer), other taxes
(household, gambling, leasehold, and admissions/other), business
licenses and building permits, grants, State shared revenue (PUD
privilege tax, nuclear gen tax, MVET, criminal justice, liquor excise
tax, Liquor Board profits, mobile home tax, and sales tax equalization),
other financing sources (operatmg transfers, residual transfers, proceeds
of L T debt, sale of assests, insurance recovenes, and adjustments to
fund balances)
Mr Underwood then explained that the Franklin County Assessor has
advised staff that the City will have an estimated assessed valuation of
$597,464,176 for 1996 taxes, this number is subject to change since it is
based on last year's Public Utilities value The $597,464,176 amount
includes new construction of $32,382,800 If the new construction is
subtracted from the new assessed value it leaves an assessed value of
$565,082,376 as compared to $551,061,553 in 1995, a difference of
$14,020,823 The amount of increase is small because there were no
revaluations done in 1995, the increase is a result of annexations
The City's property tax levy for 1996 will be comprised of the following
two elements General property tax levy, and the 1993 Unlimited Tax
General Obligation Bond Debt Service
Last year was the first in many years that the City didn't impose the
statutory maximum property tax levy of 106% of the previous years levy
plus new construction calculated at the previous years levy rate If
Council levied the maximum for 1996 it would result in a general
property tax levy of $1,973,219 which is a levy rate of $3 3027 per
thousand based on the estimated 1996 City assessed value of
$597,464,176 This compares to a levy of $1,672,943, a levy rate of
$3 0334 per thousand and an assessed value of $551,061,553 for 1995