File #: 24-0894    Version: 1
Type: public hearing Status: Filed
File created: 10/22/2024 In control: Metropolitan Park District Board
Agenda date: 10/29/2024 Final action: 10/29/2024
Title: Public Hearing on the 2025 Olympia Metropolitan Park District (OMPD) Ad Valorem Tax
Attachments: 1. PowerPoint Presentation

Title

Public Hearing on the 2025 Olympia Metropolitan Park District (OMPD) Ad Valorem Tax

 

Recommended Action

Board Treasurer Recommendation:

Hold a public hearing on the 2025 Olympia Metropolitan Park District (OMPD) Ad Valorem Tax.  Close the hearing, and direct staff to prepare an Ad Valorem Tax Resolution to be presented at the next meeting of the OMPD Board.

 

Report

Issue:

Whether to hold a hearing for the public to comment on the Ad Valorem Tax and direct staff to prepare a resolution for future OMPD Board approval.

 

Staff Contact:

Joan Lutz, Budget and Finance Manager, 360.753.8760

 

Presenter(s):

Joan Lutz, Budget and Finance Manager, 360.753.8760

 

Background and Analysis:

The Olympia Metropolitan Park District (OMPD) is required to adopt a property tax levy resolution and file a levy certification with the County by November 30, 2024.

 

A public hearing on revenue sources, including property tax, is required before the adoption of the property tax levy (RCW 84.55.120). The proposed OMPD 2025 revenue only includes property tax. Notice of the hearing was published on October 16, 2024 and October 22, 2024. The levy is based on the budget, which includes amounts to be paid to the City of Olympia and administrative costs.

 

The preliminary OMPD Budget is $5,766,703. Based on the assessed valuation of the District, the projected levy rate per $1,000 assessed value is $0.4975.

 

Climate Analysis:

MPD funding is utilized to fund projects and programs that benefit carbon sequestration and reducing greenhouse gas emissions. Examples include full funding for the Park Stewardship program which manages and enhances natural areas, including planting thousands of native trees and plants each year.

 

Equity Analysis:

The MPD funding provides benefits to the community that would not have been realized without the funding. The City is committed to Equity, Inclusion and Belonging and the Parks Department has adopted a system to prioritize park development in areas with underserved populations. The MPD funds the Park Ranger program that focuses on voluntary compliance with park rules and connecting those in need with social services, such as housing and food.

 

Neighborhood/Community Interests (if known):

The 2025 estimated levy rate of $0.4975 is slightly lower than the 2024 rate of $0.4981 per $1,000 of assessed property valuation.

 

Options:

1.                     Hold a public hearing. Close the hearing and direct staff to prepare an Ad Valorem Tax Resolution in the amount of $5,766,703 for OMPD Board approval on November 19, 2024.

 

2.                     Hold a public hearing. Close the hearing and direct staff to prepare an Ad Valorem Tax Resolution in a different amount.

 

3.                     Hold a public hearing. Do not close the hearing and schedule a special meeting to continue the public hearing.

 

Financial Impact:

Provides $5,766,703 in property tax revenue to the Olympia Metropolitan Park District

 

Attachments:

PowerPoint Presentation