HomeMy WebLinkAboutOrdinance 07-020 Confirming Property Tax Levy CITY OF SPOKANE VALLEY
SPOKANE COUNTY WASHINGTON
ORDINANCE NO.07-020
AN ORDINANCE OF THE CITY OF SPOKANE VALLEY, WASHINGTON,
CONFIRMING THE CITY PROPERTY TAX LEVY AT 1% ($99,530) IN EXCESS OF
THE 2006 AD VALOREM PROPERTY TAX LEVY WHICH WAS COLLECTED IN THE
CITY 2007 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;
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;
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
follows:
Section 1. Purpose. The purpose of this Ordinance is to utilize excess levy capacity of the
City that resulted from the tax levy in 2006 for the 2007 fiscal year. State law authorizes the City to
increase its property taxes by an amount of 1% above the highest lawful allowable levy in a preceding
year (excepting new construction, improvements and assessment of State owned property). The taxes
received from the increased levy of$99,530 set forth herein, which are included in the regular property
tax levy of $10,350,000 levied through Ordinance 07-019 are appropriated in the 2008 City Budget,
adopted through Ordinance 07-018.
Section 2. Findings.
A. The City, following public hearings, adopted 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 2008, finds and determines that there is substantial need to, include the 1%
increase ($99,530) allowed by State law, within the ad valorem property tax levy of
$10,350,000 which was adopted by the City Council on October 23, 2007 through
Ordinance 07-019.
Ordinance 07-020 Additional 1%Tax Page 1 of 2
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Section 3. 1%Increase.. Pursuant to RCW 84.55, the City, by adopting Ordinance 07-
020, 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$99,530 which is a percentage increase of 1% from the 2006 Ad Valorem Property Tax Levy,
which was collected in the City 2007 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 City Council of the City of Spokane Valley this 23rd day of October,2007.
lezz?)utw:4). k\a ji\k
Mayor,Diana Wilhite
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hristine Bainbridge, City Clerk‘'
Approved as to Form:
Office of the City Attorney /
Date of Publication: //' 'd
Effective Date: /7— 9-6 7
Ordinance 07-020 Additional 1%Tax Page 2 of 2