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Ordinance 09-019 Confirming Property Tax Levy CITY OF SPOKANE VALLEY SPOKANE COUNTY WASHINGTON ORDINANCE NO.09-019 AN ORDINANCE OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY, WASHINGTON, CONFIRMING THE CITY PROPERTY TAX LEVY AT 2.9% ($299,500) IN EXCESS OF THE 2008 AD VALOREM PROPERTY TAX LEVY WHICH WAS COLLECTED IN THE CITY 2009 FISCAL YEAR, PURSUANT TO RCW 84.55.120; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, State law authorizes the City of Spokane Valley to levy regular property taxes upon the taxable property within the City limits in order to provide revenue for the annual Current Expense Budget of the City; and WHEREAS, Initiative 747 (RCW Chapter 84.55) provided that cities with a population of over 10,000 persons can increase the amount of their regular property taxes annually by the lesser amount of inflation or 1% of the highest lawful levy, plus any additional value resulting from new construction, improvements and state assessed property; and WHEREAS, an increase in property tax revenue may be authorized by the City through adoption of a separate ordinance, pursuant to notice, specifically authorizing the increase stated in terms of dollars and percentage. NOW THEREFORE, the City Council of the City of Spokane Valley, Washington, do ordain as fol lows: Section 1. Purpose. The purpose of this Ordinance is to utilize excess levy capacity of the City that resulted from the tax levy in 2008 for the 2009 fiscal year. State law authorizes the City to increase its property taxes above the highest lawful allowable levy in a preceding year plus new construction, improvements and assessment of State owned property. The taxes received from the increased levy of $299,500 set forth herein, which are included in the regular property tax levy of $10,799,500 levied through Ordinance 09-018 are appropriated in the 2010 City Budget, to be adopted through Ordinance 09-024. Section 2. Findings. A. The City, following public hearings, will adopt a balanced Current Expense Budget that sets forth citizen priorities and promotes the health, welfare and safety of the City. B. The City published notice of this Ordinance through the procedure used to notify the public of regular Council meetings. C. To support the adopted Current Expense Budget of the City and provide for the delivery of services, the making of improvements and the promotion of the health, welfare and safety of the citizens, the City Council, after considering the financial requirements of the City for 2010, finds and determines that there is substantial need to include the 2.9% increase ($299,500) allowed by State law, within the ad valorem property tax levy of $10,799,500 which was adopted by the City Council on September 22, 2009 through Ordinance 09-018. Ordinance 09-019 Page 1 of 2 Section 3. 2.9% Increase. Pursuant to RCW 84.55, the City, by adopting Ordinance 09- 018, imposed an increase in the regular property tax levy (in addition to the increase resulting from the addition of new construction, improvements and the increased value of State assessed property), in the amount of$299,500 which is a percentage increase of 2.9% from the 2008 Ad Valorem Property Tax Levy, which was collected in the City 2009 Fiscal Year. Section 4. City Clerk. The City Clerk shall certify a copy of this Ordinance and forward the same to the Board of County Commissioners and the Spokane County Assessors Office upon its passage. Section 5. Severability. If any section, sentence, clause, or phrase of this ordinance should be held to be invalid or unconstitutional, such decision shall not affect the validity or constitutionality of any other section, sentence, clause, or phrase of this ordinance. Section 6. Effective Date. This ordinance shall be in full force and effect five(5)days after publication of this ordinance or a summary thereof in the official newspaper of the City as provided by law. Passed by the Spokane Valley City Council this 22nd day of Se.tember, 2009. IS r ichard M. Mu .• ;