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HomeMy WebLinkAbout4695 Ordinance - 2024 Ad Valorem Property Tax LevyORDINANCE NO.4695 AN ORDINANCE OF THE CITY OF PASCO, WASHINGTON, PROVIDING FOR AN INCREASE IN THE REGULAR PROPERTY TAXES OF THE CITY FOR LEVY IN 2023 AND COLLECTION IN THE 2024 TAX YEAR; PRESERVING LEVY CAPACITY FOR FUTURE YEARS; 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 November 27, 2023, to consider the City's 2024 revenue sources, along with consideration of possible increases in property tax revenues. (d) The City's actual levy amount from the previous year was $12,556,081. (e) The City has a population that is greater than 10,000. (f) The City Council, after the Hearing and after duly considering all relevant evidence and testimony presented, determined that the City requires 1 % in allowable 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. 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 2024 tax year. The dollar amount of the increase over the actual levy amount from the previous year is $131,528 (one hundred thirty-one thousand five hundred twenty-eight dollars), which is a percentage increase of Ordinance — 2024 Ad Valorum Tax — Option B - 1 I % (one 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. 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, 2023. 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 27t' day of November, 2 -3 Blanch a Mayor ATTEST: Debra Barham', (`MC City Clerk Published: /Z/31-&Z-5 Ordinance — 2024 Ad Valorum Tax — Option B - 2 APPROVED AS TO FORM: (f �� Kerr Fer aw, PLLC City omeys