Loading...
3710RESOLUTION NO. 3710 A Resolution Fixing and Levying the amount of ad valorem taxes necessary to discharge the expected expenses and obligations for the 2018 Budget for the City of Moses Lake Whereas, RCW 84.52 requires the governing body of the City of Moses Lake to fix the estimated amount to be raised by taxation on assessed valuation on property within the City of Moses Lake; and Whereas, The City of Moses Lake's highest actual levy amount occurred in 2011 and was $I 0,222,995; and Whereas, The City is allowed by law to increase its tax levy by I% over the highest levy amount it has ever received since 1985, which would establish a limit of $10,325, 185; and Whereas, The City of Moses Lake's actual levy amount from the previous year, 2017, was $6,796,274, which was reduced from the anticipated levy in 2016, because of an appeal of a taxpayer's assessment before the Grant County Board of Equalization (BOE). The BO E's decision has been appealed to the State of Washington's Board of Tax Appeals. The reduction in levy amount will probably remain in place until a resolution of the appeal; and Whereas, the City of Moses Lake has a population of more than I 0,000; and Whereas, Public hearings were held, with notice duly provided, to consider the City's current expense budget for the 20 I 8 calendar year pursuant to RCW 84.55 .120; and Whereas, the City Council of the City of Moses Lake, after hearing and duly considering all relevant evidence and testimony presented, has determined that the City requires an increase in property tax revenue from the previous year, resulting from the limit factor, along with the addition of new construction and improvements to property and any increase in the value of state-assessed property and any increase due to the annexation of new territory and refunds made, in order to discharge the expected expenses and obligations of the City; now, therefore BE IT RESOLVED BY THE CITY OF MOSES LAKE: 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 2018: A. A discretionary increase of $102,230, attributable to the inflation factor with is a percentage increase of 1.0% over the highest amount levied for collection since 1985 which was $10,222,955 in 2011; plus B. An estimated increase of $0 for recent annexations; plus C. An estimated increase of $170, 914 for new construction and improvements to property; plus D. An estimated increase of $8,000 for a refund levy; plus E. An increase authorized by state law for state-assessed property values. Section 2. There is hereby fixed to be raised by general property taxes upon real and personal property within the City of Moses Lake the amount of $7, 187,419 for general municipal purposes, including Firemen's Relief and Pension. Section 3. The City Clerk is directed to transmit and file a certified copy of this resolution with the Board of Grant County Commissioners and the Grant County Assessor on or before November 30, 2017. Section 4. This resolution shall take effect ADOPTED BY THE CITY COUNCIL, and signed and approved this 14111 day ofNovember, 2017. ATTEST: ~~ Cindy Jensen, Finance Director