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HomeMy WebLinkAbout2019-035 Declaration of Intent to Increase 2020 Regular LevyAN ORDINANCE ORDINANCE NO. 2019-035 relating to the annual property tax levy; declaring the City Council's intent to increase the City's 2020 regular levy up to 101% along with new construction, annexation, refunds and growth in state -assessed property values from the amount levied the previous year. WHEREAS, RCW 84.55.120 requires a taxing district that collects regular levies to hold a public hearing on revenue sources for the district's following year's current expense budget, including consideration of possible increases in property tax revenues; and WHEREAS, pursuant to RCW 84.55.120 and the City Charter, on November 5, 2019, upon due and proper legal notice, the Yakima City Council held a public hearing to consider the City's general government revenue sources for the 2020 current expense budget, and the total proposed property tax levy amount pertaining to 2020 revenues from real and personal property taxes; and WHEREAS, RCW 84.55.120 provides that no increase in property tax revenue, other than that resulting from the addition of new construction, improvements to property, and any increase in the value of state -assessed property, may be authorized by a taxing district, except by adoption of a separate ordinance or resolution, pursuant to notice, specifically authorizing the increase in terms of both dollars and percentage; and WHEREAS, RCW 84.55.005 sets the limit factor for the increase in the regular property tax levy at the lesser of one hundred one percent or one hundred percent plus inflation, which is defined as the percentage change in the implicit price deflator (IPD) for personal consumption expenditures for the United States as published for the most recent twelve-month period by the bureau of economic analysis of the federal department of commerce by September 25th of the year before the taxes are payable; and WHEREAS, the applicable percentage change in the Implicit Price Deflator was 1.396%; and WHEREAS, RCW 84.55.0101 allows a taxing district to use a limit factor of one hundred one percent upon a finding of substantial need by the legislative authority by a majority vote; and WHEREAS, the City Council, after the public hearing on November 5, 2019, and after duly considering all relevant evidence and testimony presented, has determined that the City requires an increase in property tax revenue from the previous year, along with the addition of new construction and improvements to property and any increase in the value of state -assessed property, in order to discharge the expected expenses and obligations of the City, and as being necessary and in the best interests of the citizens of the City of Yakima; and WHEREAS, the amount of property tax levied for collection in 2019 was $19,418,144 for general government purposes; and WHEREAS, the discretionary increase in property tax levied attributable to the inflation factor for collection in 2020 shall be in the amount of $194,181, which is a percentage increase of 1.0% from the previous year; and WHEREAS, the non -discretionary increases in property tax levied for collection in 2020 can only be estimated due to the absence of final values to be provided by the Yakima County Assessor, now, therefore, BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. The following increases in the regular property tax levy, over the amount of the previous year's levy, are hereby authorized to be cumulatively levied for collection in 2020: A. A discretionary increase of $194,181, attributable to the inflation factor which is a percentage increase of 1.0% over the amount levied for collection in 2019; plus B. An estimated increase of $0 for recent annexations; plus C. An estimated increase of $274,183 for new construction and improvements to property; plus D. An estimated increase of $173,170 for a refund levy; plus E. An increase authorized by state law for state -assessed property values. Section 2. The City Clerk is directed to transmit and file a certified copy of this ordinance with the Board of Yakima County Commissioners and the Yakima County Assessor on or before November 30, 2019. Section 3. Pursuant to Article VI, Section 2 of the Yakima City Charter, this ordinance shall take effect on November 5, 2019. PASSED BY THE CITY COUNCIL, signed and approved this 5th day of November, 2019. ATTEST: 154-WRA -) I , Sonya Claar Tee, City Clerk Publication Date: November 8, 2019 Effective Date: November 5, 2019 C • Mayor 1 ITEM TITLE: BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEM ENT Item No. 10. For Meeting of: November 5, 2019 Public hearing and ordinances pertaining to Ad Valorem Taxes to be levied for collection in Fiscal Year 2020 SUBMITTED BY: Cynthia Martinez, Interim City Manager Steve Groom, Director of Finance & Budget SUMMARY EXPLANATION: This agenda item includes two (2) separate ordinances, steps required by statute to establish the property tax levy. Ordinance A identifies Council's intent to authorize an increase in the tax levy over 2019 levels. It is required by RCW 84.55.120. This is legally necessary to increase the 2020 tax collections by any amount over 2019 levels. Ordinance B fixes the maximum tax levy for collection by the City in 2020. This ordinance complies with RCW 35.33.135 and in accordance with Article VI I, Section 2 of the City Charter, requires a super -majority approval (i.e. a minimum affirmative vote of five members) by City Council. ITEM BUDGETED: Yes STRATEGIC PRIORITY: Public Trust and Accountability APPROVED FOR SUBMITTAL: STAFF RECOMMENDATION: Pass ordinances. BOARD/COMMITTEE RECOMMENDATION: Interim City Manager 2 ATTACHMENTS: Description Upload Date Type D 2020 Property Tax Levy Memorandum 10/24,2019 Cover Memo D Ordnance A 10124/2019 CLAcr Memo D Ordnance B 10/2412019 amer Memo