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INFORMATIONAL MEMO <br />Page 2 <br />Regional <br />City Fire Fire Fire <br />Revenue Source Departments Districts Authorities <br />Primary Revenues <br />Property Taxes - Regular Levy <br />Property Taxes - Excess Levy <br />Property Taxes - Levy Lid Lift <br />Property Taxes - EMS Levy <br />Fire Benefit Charge <br />Other Revenues <br />Grants <br />Other Taxes and Fees <br />Contract for Services <br />Fines and Penalties <br />*Fire Impact Fees <br />Local Improvement District <br />Revenue Generated by Fire Marshal <br />*Fire Permit, Inspection Fees <br />*Plan Review Fees <br />*Only available to districts and RFAs if contracted by City to provide service <br />Sources of Revenue <br />1. Property Taxes <br />x x x <br />x x x <br />x x x <br />x x x <br />x x <br />x <br />x <br />x <br />x <br />x <br />Regular Levy: <br />Cities, districts, and RFAs can levy a regular tax levy but cities have a different maximum levy <br />rate than districts and RFAs. The City of Tukwila's maximum levy rate is $3.825 per thousand of <br />assessed value less the regular levy for the library district. However, districts and RFAs are <br />limited to $1.50 per thousand of assessed value. If they impose a fire benefit charge, the limit is <br />lowered to $1.00. Regular tax levies are limited to a maximum increase of 1 % unless voters <br />approve a levy lid lift (discussed below). <br />Excess Levy: <br />Excess levies are voter approved and are typically used for capital purposes. Excess levies for <br />capital are used to repay debt proceeds and are levied each year until the debt is paid in full. <br />Excess levies for capital require a super majority and are subject to validation. <br />Levy Lid Lift: <br />Because property tax law restricts the growth of property tax revenue to a maximum of 1% each <br />year, when assessed value increases, the levy rate for taxing districts decreases. Voters can <br />approve a levy lid lift to increase the regular levy rate limit back to the maximum levy rate (or <br />anywhere in between). As an example, the City of Tukwila's current regular levy rate is $2.39148. <br />The City could ask voters to approve a levy lid lift to reset the current levy rate to anywhere <br />between our current rate of $2.39148 up to $3.825 less the library rate. Levy lid lifts require a <br />majority approval and are not subject to validation. <br />EMS Levy: <br />EMS levies are another voter -approved property tax levy that is restricted to EMS type functions. <br />Because the City and surrounding fire jurisdictions are part of Zone 3, each entity does not levy <br />28 <br />