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HomeMy WebLinkAbout1996-071 1997 Budget and Valorem Taxes ORDINANCE NO. 96 -71 AN ORDINANCE fixing and levying the amount of ad valorem taxes necessary to balance estimated revenue with estimated expenditures for the 1997 Budget for the City of Yakima. WHEREAS, the City Council finds that the total net amount of $9,488,000 in revenue must be raised by ad valorem taxes on real and personal property within the corporate limits of the City of Yakima to balance estimated revenues and expenditures for the 1997 Budget for the City of Yakima, 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 $9,488,000 for the following purposes General Government Levy Operating Funds $7,413,660 Firemans' Relief & Pension Fund 974,340 Amount of tax levy for General Government Purposes $8,388,000 Special Purpose Bond Levy 1995 Street, Parks & Fire Bonds 1,100,000 Amount of tax levy for General Obligation Bond Interest & Redemption Total Levy Amount $9,488,000 Section 2. The Clerk is directed to transmit a certified copy of this ordinance to the office of the County Commissioners of Yakima County, Washington. Section 3. 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 5th day of November, 1996 Lynn Buchanan, Mayor ATTEST: City Clerk Publication Date 11/8/96 Effective Date 11/9/96 • ORDRES /G