HomeMy WebLinkAbout1971-1349 ORDINANCE NO.
AN ORDINANCE fixing and levying the amount of ad valorem taxes neces-
sary to balance estimated revenue with estimated expendi-
tures for the 1972 Budget for the City of Yakima; and
amending Ordinance No. 1346, passed October 4, 1971,
entitled "AN ORDINANCE fixing and levying the amount of
ad valorem taxes necessary to balance estimated revenue
with estimated expenditures for the 1972 Budget for the
City of Yakima".
WHEREAS, City of Yakima Ordinance No. 1346, entitled "AN ORDINANCE
fixing and levying the amount of ad valorem taxes necessary to balance
estimated revenueutth estimated expenditures for the 1972 Budget for
the City of Yakima" was passed by the Yakima City Council on October 4,
1971, which ordinance fixed and levied ad valorem taxes based on infor
mation and estimates known at that time relative to the assessed value
of property within the City, the amounts of exemptions, and the rate
of the tax fixed and levied by the City by that ordinance, and
WHEREAS, revised information from the office of the Yakima County
Assessor relative to the assessed valuation of property, exemptions and
relief from taxes to be afforded to certain persons under applicable
laws, and activity of the County Board of Equalization, as well as
recent information relative to the valuation of utilities-by the State
of Washington, now requires the City of Yakima to make adjustments to
the fixing and levying of ad valorem taxes fcr the year 1972, and
• WHEREAS, pursuant to a report by the City Manager on the current
status of estimated revenue and estimated expenditures for the 1972 Bud".
get for the City of Yakima, the City Council finds that the total net
amount of $1,610,081 in revenue mist 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. Section 1 of the aforesaid Ordinance No. 1346 is here-
by amended to read as follows:
"Section 1. There is hereby fixed to be raised by general
property taxes upon real and personal property within the City of
i
Yakima the amount of $1,650,188 as reduced by estimated exemptions
in the amount of $40,107, leaving a net tax revenue of $1,610,081,
which amount, when added to the estimated available revenues from
all other sources, will balance the estimated revenues with the
estimated expenditures for the 1972 Budget for the City of Yaki-
ma."
Section 2. Section 2 of the aforesaid Ordinance No. 1346 is
hereby amended to read as follows:
"Section 2. There is hereby levied upon all taxable property,
both real and personal, within the City of Yakima, Washington, a
total of 0.6000 mills on each and every dollar of assessed valua-
tion of such property to provide tax revenues for the following
purposes:
Mills Le Exeu•tion Net Le
GENERAL 3.42754 589,175 14,318 574,857
GENERAL - HEALTH .42155 72,462 1,762 70,700
Parks and Recreation 1.42951 245,725 5,972 239,753
Clean Air .01332 2,290 56 2,234
Street 1.18394 203,513 4,947 198,566
Regional Library 1.10000 189,084 4,596 184,488
F. R. & P. .42414 72,907 1,771 71,136
Total 8.00000 1,375,156 33,422 1,341,734
Special Tax Levies:
Library Bond
Redemption .19200 33,004 802 32,202
Street Bond
Redemption 1.07350 184,529 4,485 180,044
Airport Bond
Redemption .33450 57 499 1 398 56 101
Total 9.60000 1,650,188 40,107 1,610,081"
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.
110 Section 4. This ordinance is one required to be made by the laws
q y
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 18th day of
October, 1971..
Mayor
41110'
ATTEST: t
City Clerk
411
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