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3920 2023 Property Tax LevyRESOLUTION NO. 3920 A RESOLUTION FIXING AND LEVYING THE AMOUNT OF AD VALOREM TAXES NECESSARY TO DISCHARGE THE EXPECTED EXPENSES AND OBLIGATIONS FOR THE 2023 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 as was $10,222,995; and Whereas, the City is allowed by law to increase its tax levy by 1% 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, 2022, was $7,909,261; and Whereas, the City intends to levy " banked capacity" of $550,000 to fund construction of a remodeled or new police station; and Whereas, the City of Moses Lake, has a population of more than 10,000; and Whereas, a Public Hearing was held, with notice duly provided, to consider the City’s current expense budget for the 2023 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 of Moses Lake requires an increase in real property tax revenue from the previous year, resulting from the limit factor, and an increase of 8.8% ($550,000) of banked capacity from the previous year along with the addition of recent annexations, new construction and improvements to property and any increase in the value of state-assessed property 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 CITY COUNCIL: 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 2023: A. A discretionary increase of $102,230, attributable to the inflation factor which 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 $242,455 for recent annexations; plus C. An estimated increase of $158,144 for new construction and improvements to property; plus D. An estimated increase of $15,500 for a refund levy; plus E. An increase authorized by state law for state-assessed property values; plus F. A request to utilize banked capacity in the amount of $550,000. This will result in an overall increase of 8.8% and a resolution increase amount of $652,230 to be used for calculating page 2 of the levy limitations worksheet. Document Ref: 86AE2-NBAG7-OM7V5-HUC7M Page 1 of 3 Section 2. There is hereby fixed to be raised by general property taxes upon real and personal property within the City of Moses Lake, for the year of 2023, the sum of $8,736,003 for general municipal purposes, including Firemen’s Relief and Pension. Section 3. The City Clerk is directed to transmit and file a certified copy of this resolution with the Board of Grant County Commissioners and the Grant County Assessor on or before November 30, 2022. Section 4. This resolution shall take effect January 1, 2023. ADOPTED BY THE CITY COUNCIL, and signed and approved this 8th day of November, 2022. __________________________________________ Don Myers, Mayor ATTEST: _________________________________ Debbie Burke, City Clerk Document Ref: 86AE2-NBAG7-OM7V5-HUC7M Page 2 of 3 2022 Tax 2023 Assessed Rate Levy Values Applied Dollars (Dollars in Thousands) (estimate) Prior Year (2022) = Base 2,731,841.17$             2.89521$             7,909,261$          Levy Limit‐1.0% increase from 2011 levy ‐$10,222,955 102,230                Base‐101%8,011,491            Valuation Change ‐‐ (5.2%) 140,849.01                   0 New Construction (1.1%) 54,622.61 2.89521               158,144                State Assessed Value‐ (still unknown) Tax Limit Before Annexation 2,927,312.8                  2.79083               8,169,635            Add for Annexation 242                                3.58121               868                       Limit for Subsequent Year 2,927,555.3                  2.79083               8,170,503            Plus:  Refunds (estimate)15,500                  Plus: Utilization of "banked capacity" per Councilmatic authority 550,000               Total Ordinance 2.98406 8,736,003$          Assessed Valuation 2,927,555.250$           3.82500$             11,197,899$        Less:  Library Levy (Estimate 0.3254 952,527                Maximum 2022 Levy for Collection in 2023 (Estimate) 3.4996$               10,245,372          Total Levy Calculation 8,736,003$          Less:  Potential uncollectible levy  (estimate) 190,000                Plus:  REC Silicon tax distribution ‐ 2023 305,056$             Estimate to collect 8,851,059$          Budget Estimate 8,800,000$          State of Washington Constitutional Limit City of Moses Lake Property Tax Limitation Calculation Budget Estimate  Document Ref: 86AE2-NBAG7-OM7V5-HUC7M Page 3 of 3 Signature Certificate Reference number: 86AE2-NBAG7-OM7V5-HUC7M Document completed by all parties on: 15 Nov 2022 00:43:13 UTC Page 1 of 1 Signer Timestamp Signature Mayor Don Myers Email: dmyers@cityofml.com Recipient Verification: Sent:10 Nov 2022 16:46:15 UTC Viewed:11 Nov 2022 18:11:18 UTC Signed:11 Nov 2022 18:14:26 UTC ✔Email verified 11 Nov 2022 18:11:18 UTC IP address: 162.246.30.165 Location: Moses Lake, United States Debbie Burke Email: dburke@cityofml.com Recipient Verification: Sent:10 Nov 2022 16:46:15 UTC Viewed:15 Nov 2022 00:42:47 UTC Signed:15 Nov 2022 00:43:13 UTC ✔Email verified 15 Nov 2022 00:42:47 UTC IP address: 63.135.54.162 Location: Moses Lake, United States Signed with PandaDoc PandaDoc is a document workflow and certified eSignature solution trusted by 30,000+ companies worldwide.