HomeMy WebLinkAbout1972-1446 ORDINANCE NO. A46,
AN ORDINANCE fixing and levying the amount of ad valorem taxes neces-
sary to balance estimated revenue with estimated expendi-
tures for the 1973 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 1973
Budget for the City of Yakima, the City Council finds that the total
net amount of $2,219,241 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 $2,321,679 as reduced by estimated exemptions and revalu-
ation costs in the amount of $102,438, leaving a net tax revenue of
• $2,219,241, which amount, when added to the estimated available
revenues from all other sources, will balance the estimated revenues
with the estimated expenditures for the 1973 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 11.0000 mills on each and every dollar of assessed valuation of
such property to provide tax revenues for the following purposes:
Mills Lev Exem.tion Net Lev
Total - General
Purposes 8.00000 $1,688,494 $67,438 $1,621,056
Special Tax Levies:
0 Library Bond Redemp-
tion .15000 31,659 1,750 29,909
Street Bond " .90000 189,955 10,500 179,455
Airport Bond " .27000 56,987 3,150 53
Park-Fire Bond " 1.68000 354 584 19 600 334..9E14
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Total - Special Levies 3.00000 633 1E15 35 000 598 185
Total 11.00000 2,321,679 102,438 2,219,241
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 Ch 'irt:er.
PASSED BY THE CITY COUNCIL, signed and approved this 2nd day of
October, 1972.
/Ze—e-ve
Mayor
ATTEST:
0 •..
City Clerk
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