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HomeMy WebLinkAboutOrd 2639 - Limiting Factor for Regular Property Tax Levy Above the Rate of Inflation (Implicit Price Deflator)AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, RELATING TO THE LIMITING FACTOR FOR THE REGULAR PROPERTY TAX LEVY ABOVE THE RATE OF INFLATION (IMPLICIT PRICE DEFLATOR); PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Tukwila has considered its budgetfor the 2021-2022 biennium; and WHEREAS, in the course of considering the 2021-2022 biennial budget, the City Council reviewed all sources of revenue and examined all anticipated expenses and obligations; and WHEREAS, due to the needs regarding parks, residential and arterial streets, City facilities, and police and fire services, the City Council found there is substantial need to increase the regular property tax limit factor above the rate of inflation; and WHEREAS, the City Council desires to continue that rate in orderto meet service needs in the City in 2021 and beyond; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. Regular Tax Levy. The City Council of the City of Tukwila finds there is substantial need to increase the regular property tax limit factor above the rate of inflation, and hereby establishes that the limit factor for the regular levy for calendar year 2021 shall be 101% of the highestamountof the regular property taxes that could have been lawfully levied in Tukwila in any year since 1985. CC: Leg isIative DevelopmentTroperty tax levy -limiting factor 10-8-20 AW: s Review and analysis by Barbara Saxton Page 1 of 2 Section 2. Corrections by City Clerk or Code Reviser Authorized. #pon approval of the City • the City Clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction • clerical errors; references • other • state or federal laws, codes, rules, or regulations; or ordinance numbering and section /su bsecti on numbering. Section 4. Effective Date. This ordinance ora summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force and effect January 1, 2021. RUMME&M- ATTEST/AUTHENTIC ATE D: Christy O'Flaherty, MMC, City Clerk Office of the City Attom ey MM33E33= Filed with the City Clerk: 11-h-20 CC: Legislative DevelopmenWropertytax levy -limiting factor 10-8-20 AW:bjs Review and analysis by Barbara &wton Page 2 of 2 City of Tukwila Public Notice of Ordinance Adoption for Ordin an ces2637-2640. On November 16, 2020 the City Council of the City of Tukwila, Washington, adopted the following ordinances, the main points of which are summarized by title as follows: Ordinance 2637: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, REPEALING ORDINANCE NO. 2633, INTERIM FLOOD PLAIN MANAGEMENT REGULATIONS (TUKWILA MUNICIPAL CODE (TMC) CHAPTER 16.52); REENACTING TMC CHAPTER 16.52 TO UPDATE FLOOD PLAIN MANAGEMENT REGULATIONS AND POLICIES AS REQUIRED OF JURISDICTIONS PARTICIPATING IN THE NATIONAL FLOOD INSURANCE PROGRAM; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. Ordinance 2638: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, LEVYING THE GENERAL TAXES FOR THE CITY OF TUKWILA IN KING COUNTY FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2021, ON ALL PROPERTY, BOTH REAL AND PERSONAL, IN SAID CITY, THAT IS SUBJECTTO TAXATION FOR THE PURPOSE OF PAYING SUFFICIENT REVENUE TO CARRY ON THE SERVICES OF THE SEVERAL DEPARTMENTS OF SAID CITY FOR THE ENSUING YEAR, WITH AN EXCESS PROPERTY TAX LEVY FOR THE PURPOSE OF PAYING DEBT SERVICE ON THE CITY'S UNLIMITED TAX GENERAL OBLIGATION BONDS ISSUED IN 2016 AND 2019, AS REQUIRED BY LAW; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. Ordinance 2639: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, RELATING TO THE LIMITING FACTOR FOR THE REGULAR PROPERTY TAX LEVYABOVE THE RATE OF INFLATION (IMPLICIT PRICE DEFLATOR); PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. Ordinance 2640: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, INCREASING THE CITY OF TUKWILA REGULAR LEVY FROM THE PREVIOUS YEAR, COMMENCING JANUARY 1, 2021, ON ALL PROPERTY, BOTH REAL AND PERSONAL, IN COMPLIANCE WITH RCW 84.55.120; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. The full text of this ordinance will be provided upon request. Christy O'Flaherty, MMC, City Clerk Published Seattle Times: November 19, 2020