HomeMy WebLinkAboutO-2721 - 2008 tax levy (Special)CITY OF MARYSVILLE
Marysville,Washington
ORDINANCE NO.J1 a \
An Ordinance of the City of Marysville levying regular taxes upon all
property real,personal and utility subject to taxation within the corporate
limits of the City of Marysville,Washington for the year 2008.
WHEREAS,the City Council of the City of Marysville has met and considered its
budget for the calendar year 2008; and has held public hearings on October 23, 2007,
October 25,2007 and November 13, 2007; and
WHEREAS,the City of Marysville's actual levy amount from the previous year
was $7,230,478.00;and,
WHEREAS,the population of the City of Marysville is more than 10,000; and
NOW,THEREFORE,the City Council of the City of Marysville Do Ordain as
Follows:After hearing and after duly considering all relevant evidence and testimony
presented, the City Council has determined that the City of Marysville requires a regular
levy in the amount of $10,599,760.00,which includes an increase in property tax
revenue from the previous year, and amounts resulting from the addition of new
construction and improvements to property and any increase in the value of state-
assessed property, and amounts authorized by law as a result of any annexations that
have occurred and refunds made, in order to discharge the expected expenses and
obligations of the City.
Section 1.: An increase in the regular property tax levy is hereby authorized for
the 2008 levy in the amount of $0 which is a percentage increase of 0% from the
previous year. This increase is exclusive of additional revenue resulting from the
addition of new construction and improvements to property and any increase in the
value of state assessed property, and any additional amounts resulting from any
annexations that have occurred and refunds made.
Item 7 option b-1
Section 2: For the year 2008, the amount of taxes to be levied, in addition to regular
property tax, for payment of debt service on the City's Unlimited Tax General Obligation
bonds, 1986, which were refunded in 1996, is $231,458.
Adopted this ;)..~1'~ay of jJ o~
. ATTEST:
BY~·TAC~FRI ~,~YCL£RK
Approved as to form:
BY~A2d2
GRANT WEED, CITY ATTORNEY
Prop Taxes0% 2007
1112112007
Page20f2
,2007.
CITY OF MARYSVILLE
By.L/K~
DENNIS L.KENDALL, Mayor