HomeMy WebLinkAbout1972-1459 ORDINANCE NO. /V5?
AN ORDINANCE amending City of Yakima Ordinance No. 1446, dated Octo-
ber 2, 1972, entitled "An ordinance fixing and levying
the amount of ad valorem taxes necessary to balance
• estimated expenditures for the 1973 Budget for the City
of Yakima?.
WHEREAS, on October 2, 1972, the Yakima City Council passed
Ordinance No. 1446 fixing and levying ad valorem taxes for the 1973
Budget for the City of Yakima which taxes were based on estimates of
property valuations available at the time such ordinance was passed,
and
WHEREAS, the Yakima County Assessor has furnished the City with
a revised estimate of property valuations so that it is now necessary
to amend said Ordinance No. 1446 as provided hereinbelow, and
WHEREAS, the City Council finds that the total net amount of
$2,243,518 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. Section 1 of Ordinance No. 1446, passed by the Yakima
City Council on October 2, 1972, is hereby 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 Yakima the amount of $2,345,956 as reduced by estimated
exemptions and revaluation costs in the amount of $102,438,
leaving a net tax revenue of $2,243,518, which amount, when
• added to the estimated available revenues from all other sources,
will balance the estimated revenues with the estimated expendi-
tures for the 1973 Budget for the City of Yakima."
Section 2. Section 2 of Ordinance No. 1446, passed by the Yakima
City Council on October 2, 1972, is hereby amended to read as follows:
i •
"Section 2. There is hereby levied upon all taxable
property, both real and personal, within the City of Yakima,
Washington, a total of 11.0000 mills on each and every dollar
of assessed valuation of such property to provide tax revenues
for the following purposes:
Fund Mills Levy Exemption Net Levy
Total - General 8.0000 1,706,150 67,438 1,638,712
Purposes
291 Library Bond
Redemption .15000 31,990 1,750 30,240
292 Various P.G.O. Bond
Redemption 1.68000 358,291 19,600 338,691
293 Street Bond
Redemption .90000 191,942 10,500 181,442
294 Airport Bond
Redemption .27000 57,583 3,150 54,433
TOTAL 3.00000 639,806 35,000 604,806
• TOTAL 11.00000 2,345,956 102,438 2,243,518"
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 Lori day of
4 42141(11121)---' 1972.
Mayor -
ATTEST:
Tic
City Clerk
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