HomeMy WebLinkAbout1971-1346 ORDINANCE NO.
AN ORDINANCE fixing and levying the amount of ad valorem taxes neces-
sary to balance estimated revenue with estimated expen-
ditures for the 1972 Budget for the City of Yakima.
WHEREAS, pursuant to a report by the City Manager on the current
411 status of estimated revenue and estimated expenditures for the 1972
Budget for the City of Yakima, the City Council finds that the total
net amount of $1,726,511 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 proper-
ty taxes upon real and personal property within the City of Yakima
the amount of $1,740,511 as reduced by estimated exemptions in the
amount of $14,000, leaving a net tax revenue of $1,726,511, which
0 amount, when added to the estimated available revenues from all other
sources, will balance the estimated revenues with the estimated expen-
ditures for the 1972 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 9.5000 mills on each and every dollar of assessed valuation of
such property to provide tax revenues for the following purposes:
Mills Levy _ Exemption Net Le
Current Expense 3.53497 647,648 5,213 642,435
11 " - Health .33439 61,264 489 60,775
Parks and Recreation 1.43706 263,286 2,118 261,168
Clean Air .01229 2,252 18 2,234
411 Street 1.18987 217,998 1,753 216,245
Regional Library 1.10000 201,533 1,621 199,912
F. R. &P. .39142 71 713 577 71 136
TOTAL 8.00000 1,465,694 11,789 1,453,905
Special Tax Levies:
Library Bond Redemption .17720 32,465 261 32,204
Street Bond " 1.01419 185,811 1,495 184,316
Airport Bond " .30861 56.541 455 56.086
TOTAL , 9.50000 1,740,511 14,000 1,726,511
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
41O laws of the State of Washington and shall be in full force and effect
froth and after its passage, approval and publication by title as pro-
vided by the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 4th day of
October, 1971.
7
,
Mayor
ATTEST:
7Z 1■,--<;
City Clerk
411