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HomeMy WebLinkAboutFS 2014-11-18 Item 2E - Ordinance - Interfund Utility Tax Sunset Provision Extension rot ? City of Tukwila .,_ o Jim Haggerton, Mayor �90a INFORMATIONAL MEMORANDUM TO: Mayor Haggerton Finance and Safety Committee FROM: Peggy McCarthy, Finance Director BY: Jennifer Ferrer-Santa Ines, Senior Fiscal Coordinator DATE: November 4, 2014 SUBJECT: Interfund Utility Tax extension • ISSUE Approve a 6-year extension to the existing utility tax on City operated utilities. BACKGROUND The City currently assesses a 10% tax rate on the revenues of the City operated.utilities. The tax is set to end December 31, 2015. The City Council passed Ordinance No. 2258 on October 19, 2009 adopting a utility tax on City operated water, sewer, and surface water utilities. The Ordinance provided for a rate of 15% of gross revenue from the utility funds until April 30, 2010, then 10% effective May 1, 2010 through December 31, 2012. It was amended by Ordinance No. 2298 on July 19, 2010 to extend the sunset provision from May 1, 2010 through December 31, 2015. This decision was part of the revenue enhancement options considered in preparation of the 2011-2012 biennial budget. DISCUSSION Extending the sunset provision through the end of 2015 was part of a three-pronged approach in the last biennium to address declining revenues, particularly in sales tax, and increasing expenses outside of the City's control including pension plan contributions and contractual increases. Last year, the City recognized nearly $1.7 million of interfund utility tax receipts. Below shows the amount recognized each year in the general fund for interfund utility taxes. Year to Date 2009 2010 2011 2012 2013 2014 Water 676,241 501,592 475,210 518,461 561,931 473,799 Sewer 754,017 618,096 561,831 647,043 736,739 623,816 Surface Water 383,019 378,094 335,339 369,077 388,189 424,036 Total $ 1,813,277 $ 1,497,782 $1,372,380 $ 1,534,581 $ 1,686,859 $ 1,521,651 The decision to not extend the sunset provision would require other measures, which could include budget reductions or review or alternative revenue sources. 59 INFORMATIONAL MEMO Page 2 FINANCIAL IMPACT The general fund has received $1.5 million of interfund utility taxes year to date through September 30, 2014. RECOMMENDATION The Finance and Safety Committee is being asked to approve a 6-year extension of the utility tax for City operated utilities and consider this item at the November 24, 2014 Committee of the Whole meeting and subsequent December 1, 2014 Regular Meeting. ATTACHMENTS Draft Ordinance 60 W:12014 F&S\Utilty Tax Extension1.doc DRAFT AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON; AMENDING ORDINANCE NOS. 2298 §1 (PART) AND 2258 §3, AS CODIFIED AT TUKWILA MUNICIPAL CODE SECTION 3.54.030, EXTENDING THE CITY UTILITY TAX SUNSET PROVISION; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, at the time Ordinance No. 2298 was passed, the City Council wished to extend the sunset provision for the collection of City utility taxes to December 31, 2015; and WHEREAS, the City Council and Mayor have reviewed the current General Fund status and operating budget and determined that it is in the best interest of the citizens of Tukwila to extend the current sunset provision to 2021; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. TMC Section 3.54.030 Amended. Ordinance Nos. 2298 §1 (part) and 2258 §3, as codified at Tukwila Municipal Code Section 3.54.030, are hereby amended as follows: 3.54.030 Tax Rate A. There is levied upon water, sewer and surface water utilities, taxes in the amount to be determined by the application of rates given against gross earnings as follows: 1. Upon the City water, sewer and surface water funds, a tax equal to 15% of the total gross revenue from such business from all customers in the City during the period for which the tax is due. Such tax shall be effective from December 31, 2008 through April 30, 2010. W:Word Processing\Ordinances\Utility tax sunset extension 11-7-14 :bjs Page 1 of 2 61 2. Upon the City water, sewer and surface water funds, a tax equal to 10% of the total gross revenue from such business from all customers in the City during the period for which the tax is due. Such tax shall be effective from May 1, 2010 through December 31, 202145. Section 2. Corrections by City Clerk or Code Reviser. Upon approval of the City Attorney, the City Clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; references to other local, state or federal laws, codes, rules, or regulations; or ordinance numbering and section/subsection numbering. .Section 3. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance or its application to any person or situation should be held to be invalid or unconstitutional for any reason by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance or its application to any other person or situation. Section 4. Effective Date. This ordinance or a summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force five days after passage and publication as provided by law. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of , 2014. ATTEST/AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk Jim Haggerton, Mayor APPROVED AS TO FORM BY: Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Rachel Turpin, City Attorney Ordinance Number: W:Word Processing\Ordinances\Utility tax sunset extension 11-7-14 62 :bjs Page 2 of 2