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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 6.E.
For Meeting of: October 15, 2019
ITEM TITLE: Set date of November 5, 2019 for public hearing regarding the Ad
Valorem Tax(property tax)for collection in 2020
SUBMITTED BY: Steve Groom, Director of Finance and Budget
SUMMARY EXPLANATION:
It is necessary and desirable to schedule a public hearing on November 5, 2019, on Revenue
Sources and Consideration of Legislation pertaining to Ad Valorem (Property) Tax to be levied
for collection in 2020. (RCW 84.55.120)
*Note: Council business meetings are held in Council Chambers in City Hall; the business
meetings commence at 5:30 pm; however, the public hearings begin at 6:00 p.m. or soon
thereafter.
ITEM BUDGETED: NA
STRATEGIC PRIORITY: Public Trust and Accountability
APPR APPROVED FOR
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_{-{ � � Interim City Manager
SUBMITTAL. )
STAFF RECOMMENDATION:
Approve set date.
BOARD/COMMITTEE RECOMMENDATION:
ATTACHMENTS:
Description Upload Date Type
r Mark 1 /2/2019 r Me
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FINANCE
TO: Mayor and City Council
Cynthia Martinez, Interim City Manager
FROM: Steve Groom, Finance
DATE: October 1 , 2019
RE: Tax Rate and Budget Public Hearings
In the State of Washington, cities must hold three public hearings during the budget
preparation process: one hearing on the property tax rate and two hearings on the
budget itself.
RCW 84.55.120, the governing statute, requires that the property tax rate hearing must
include consideration of possible increases in property tax revenues and must be held
prior to the time the city requests the county to have the tax levied.
County figures on valuation have been received.
Staff is proceeding with levy calculation and city will be requesting the statutory
maximum allowed, will take care to word our request as prescribed and follow the
formulas for state assessed, personal property, annexations and new construction as
well as previously-assessed property that is limited to the 1% increase.