HomeMy WebLinkAbout1975-1849 AD VALOREM TAXES. ORDINANCE NO.
AN ORDINANCE fixing and levying the amount of ad valorem taxes neces-
sary to balance estimated revenue with estimated expen-
diture for the 1976 Budget for the City of Yakima.
l, WHEREAS, pursuant to a report by the City Manager on the cur-
rent status of estimated revenue and estimated expenditures for
the 1976 Budget for the City of Yakima, the City Council finds
that the total net amount of $2,421,591 in revenue must be raised
by ad valorem taxes on real and personal property within the cor-
porate 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
0 Yakima the amount of $2,448,575 as reduced by Senior Citizen exemp-
tions on special levies and regular levy of $26,984, leaving a
net tax revenue of $2,421,591, which amount, when added to the
estimated available revenues from all other sources, will balance
the estimated revenues with the estimated expenditures for the
1976 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 $4,502484 on each thousand dollars of assessed valuation
where the assessment level is 100% of such property to provide tax
revenues for the following purposes:
Senior Citizen
Exemption on
Regular Levies
$ Levy and Special Net Tax
Per $1,000 Levy Levies Revenue
Total - General
Purposes $3.600 $1,956,188 $ 19,984 $1,936,204
• Special Tax Levies:
Library Bond
Redemption 7,000 26,773
Street Bond
Redemption 7,000 174,254
Airport Bond
Redemption 7,000 48,519
Park-Fire Bond
Redemption 7 000 235,841
Total - Special
Levies .90248 492,387 26,984 485,387
Total $4.502484 $2,448,575 $26,984 $2,421,591
Section 30 The 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 6.aylay of
AgLoo'id , 1975.
AeA ,
Mayor
ATTEST:
.:.G
City Cler Or
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