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HomeMy WebLinkAbout2020-028 Ad Valorem Taxes, Fiscal Year 2021 (B)ORDINANCE B AN ORDINANCE ORDINANCE NO. 2020-028 fixing and levying the amount of ad valorem taxes necessary to discharge the expected expenses and obligations for the 2021 Budget for the City of Yakima. WHEREAS, the City Council finds that the total net amount of $20,419,366 in revenue must be raised by ad valorem taxes on real and personal property within the corporate limits of the City of Yakima to discharge the expected expenses and obligations for the 2021 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 $20,419,366 for the following purposes: General Government Levy Operating Funds $19,349,392 Firemen's Relief & Pension Fund 1,069,974 Amount of tax levy for General Government Purposes (1) $20,419,366 Special Purpose Tax Levy 0 Total Levy Amount (1) $20,419,366 (1) Includes an additional $100,000 to provide for final adjustments in State assessed, refunds, new construction, and annexation 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, 2020. Section 3. Pursuant to Article VI, Section 2 of the Yakima City Charter, this ordinance shall take effect on November 2, 2020. PASSED BY THE CITY COUNCIL, signed and approved this 2nd day of November, 2020. P tricia Byers, or ITEM TITLE: BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEM ENT Item No. 8. For Meeting of: November 2, 2020 Public hearing and ordinances pertaining to Ad Valorem Taxes to be levied for collection in Fiscal Year 2021 SUBMITTED BY: Bob Harrison, City Manager Steve Groom, Director of Finance & Budget SUMMARY EXPLANATION: This agenda item includes two (2) separate Ordinances. Ordinance A identifies Council's intent to authorize an increase in the tax levy over 2020 levels. It is required by RCW 84.55.120. This is legally necessary to increase the 2021 tax collections by any amount over 2020 levels. Ordinance B fixes the maximum tax levy for collection by the City in 2021. 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 BY THE CITY MANAGER RECOMMENDATION: Pass Ordinances. ATTACHMENTS: Description 0 r ivieo Ordinance Ordinance Upload Date Type 10/ 19/2020 r Mere© 1 1 Ordi nance 10/1912020 Ordinance