Title
Approval of an Ordinance Setting the 2019 Ad Valorem Tax
Recommended Action
Committee Recommendation:
Not referred to a committee
City Manager Recommendation:
Move to approve the ordinance setting the 2019 Ad Valorem Tax in the amount of $18,183,944.79 for the City's Regular Levy (including refunds) and $1,187,039.00 for the Excess Levy on the Fire bonds (including refunds) on second reading.
Report
Issue:
Whether to approve the ordinance setting the 2019 Ad Valorem Tax in the amount of $18,183,944.79 for the City's Regular Levy (including refunds) and $1,187,039.00 for the Excess Levy on the Fire bonds (including refunds) on second reading.
Staff Contact:
Nanci Lien, Fiscal Services Director, Administrative Services, 360.753.8465
Presenter(s):
Nanci Lien, Fiscal Services Director, Administrative Services
Background and Analysis:
Background and analysis has changed from first reading to second reading.
The City is required to adopt a property tax levy ordinance and file a levy certification with Thurston County by November 30, 2018. If no certification is filed, the County will levy the same amount as 2018.
A public hearing on General Fund revenue sources, including property tax, is required prior to adopting the property tax levy (RCW 84.55.120). The schedule of proposed 2019 General Fund revenues is attached. The hearing occurred on November 13, 2018.
The 2019 general levy is based on a 1% increase over the previous year's levy, plus allowable add on items and a refund levy to be collected in 2019. This year the levy includes an additional $241,177 of banked capacity from the Public Safety Levy Lid Lift passed in 2017. The additional revenue will cover the inflationary increases of the public safety base program, a half-time prosecutor to enhance Community Court, and three police vehicles for Neighborhood Liaison Officers.
Once a levy is set there may be adjustments made which lower the amount of taxes to be collected (lower assessed valu...
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