HomeMy WebLinkAbout1969-1171 ORDINANCE NO. )),7/
AN ORDINANCE fixing and levying the amount of ad valorem taxes neces-
sary to balance estimated revenue with estimated expen-
ditures for the 1970. Budget for the City of Yakima.
WHEREAS, pursuant to a report by the City Manager on the current
status of estimated revenue and estimated expenditures for the 1970
• Budget for the City of Yakima, the City Council finds that the total
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net amount of $1,447,711 in revenue must be raised by ad valorem taxes
on real and personal property within the corporate limits of the City,
which amount is not in excess of the amount authorized by law to be
raised from that source, now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. There is hereby fixed to be raised by general
property taxes upon real and personal property within the City of
Yakima the amount of $1,463,711 as reduced by estimated exemptions in
the amount of $16,000, leaving a net tax revenue of $1,447,711, which
amount, when added to the estimated available revenues from all other
• sources, will balance the estimated revenues with the estimated expen-
ditures for the 1970 Budget for the City of Yakima.
Section 2. There is hereby levied upon all taxable property,
both real and personal, within the City of Yakima, Washington, a total
of 19.80000 mills on each and every dollar of assessed valuation of
such property to provide tax revenues for the following purposes:
MILLS LEVY EXEMPTION NET LEVY
Current Expense and 14.02595 $1,036,866 $11,392 $1,025,474
Street Fund
Regional Library Fund 1.97405 145,931 1,603 144,328
16.00000 1,182,797 12,995 1,169,802
SPECIAL TAX LEVIES:
Yakima Municipal Airport
•
Bond Redemption Fund .75328 55,686 596 55,090
1957 Gen1ral Obligation
Library Bond Redemption
Fund .35258 26,064 279 25,785
Yakima Ditch Protection
Bond Redemption Fund .08147 6,023 64 5,959
1962 General Obligation
Street Improvement Bond
Redemption Fund 2.61267 193,141 2,066 191,075
19.80000 $1,463,711 $16,000 $1,447,711
Section 3. The City Clerk is directed to transmit a certified
copy of this ordinance to the office of the County Commissioners of
Yakima County, Washington.
Section 4. This ordinance is one required to be made by the laws
of the State of Washington and shall be in full force and effect from
• and after its passage, approval and publication by title as provided
by the City Charter.
PASSED BY THE CITY COUNCIL; signed and approved this 6th day of
October, 1969.
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Mayor
ATTEST:
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City Clerk
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