HomeMy WebLinkAbout1973-1578 AD VALOREM TAXES. ORDINANCE NO. 4:5
AN ORDINANCE fixing and levying the amount of ad valorem taxes neces-
n%7 2 expendi-
WHEREAS, pursuant to a report by the City Manager on the current
status of estimated revenue and estimated expenditures for the 1974
Budget for the City of Yakima, the City Council finds that the total
net amount of $2,410,959 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 $2,443,227 as reduced by revaluation costs in
the amount of $32,268, leaving a net tax revenue of $2,410,959,
• which amount, when added to the estimated available revenues from
all other sources, will balance the estimated revenues with the
• estimated expenditures for the 1974 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
1
of 10.5000 mills on each and every dollar of assessed valuation of
such property to provide tax revenues for the following purposes:
410
Mills Lev Revaluation Net Lev
Aft
Total - General
Purposes 8.00000 $1,880,779 $32,268 $1,848,511
Special. Tax Levies:
Library Bond
Redemption .12869 28,952 28,952
Street Bond Redemption .78748 177,167 177,167
Airport Bond " .19798 44,541 44,541
Park-Fire Bond " 1.38585 311 788 311 788
Total - Special Levies 2.50000 562 448 562,448
Total 10.50000 $2,443,227 $32,268 $2,410,959
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.
41 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
• of 1 / a , 1973.
Mayor
ATTEST:
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t o- ity Cler
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