HomeMy WebLinkAboutO-2796 - Declaration of substantial need for purposes of setting limit factor for property tax levy (Special)CITY OF MARYSVILLE
Marysville,Washington
ORDINANCE NO.;?.7 rc-'
An Ordinance ofthe City of Marysville making a declaration ofsubstantial need for purposes of
setting the limit factor for regular property tax levy.
WHEREAS,RCW 84.55.010 provides that a taxing jurisdiction may levy taxes in an amount no
more than the limit factor multiplied by the highest levy ofthe most recent three years plus additional
amounts resulting from new construction and improvements to property,newly constructed wind
turbines,and any increase in the value of state-assessed utility property;
WHEREAS,under RCW 84.5S.005(2)(c), the limit factor for a taxing jurisdiction with a population
of 10,000 Orover is the lesser of 101 percent or 100 percent plus inflation;
WHEREAS,RCW 84.55.005(1) defines "inflation"asthe percentage change in the implicit price
deflatorfor personal consumption expenditures for the United States as published for the most recent
12-month period by the Bureau of Economic Analysis ofthe federal Department of Commerce in
September of the year before the taxes are payable;
WHEREAS,"inflation"for July 2009 is -0.848 percent and the limit factor is 99.152 percent,
meaning the taxes levied in the City of Marysville in 2009 for collection in 2010 will decrease except for
the amounts resulting from new construction and improvements to property,newly constructed Wind
turbines,and any increase in the value of state-assessed utility property;
WHEREAS,RCW 84;55.0101 provides for use of a limit factor of 101 percent or lesswith a
finding ofsubstantial need by a majority plus one council members;
WHEREAS,the 2008 recession hascausedthe City to bend under the weight of housing
foreclosures brought on by the subprirne mortgage debacle, declining property values, high
unemployment and flat consumer spending;
WHEREAS,the City felt the weight ofthe recession by declining general fund revenues, largely in
part by salestax (down 10%from 2008) and building permit fees (down 50%from 2008), which
represents 31%ofthe total;
WHEREAS,the City needs to maintain services essential services such as police, fire, and
transportation,and desires to continue established programs such asparks and recreation for the
citizens of Marysville and also meet contractual obligations;
NOW,THEREFORE,the City Council of the City of Marysville DOOrdain as FOLLOWS:
Section 1.A finding is made ofsubstantial need under RCW 84.55.0101, which authorizes the
use and to set the limit factor of 101 percent for the property tax levy for 2010.
Substantial need 101 2010budget
ATIEST:
Tracy Jeffries,ASS!TANT ADMIN.SVCS.DR.
Approved as to form:
Grant Weed,CITYATTORNEY
Substantialneed 1012010budget
CITYOF MARYSVILLE
Dennis L.Kendall,MAYOR