HomeMy WebLinkAboutResolution 2016-016 Authorizing an Increase in Tax Levy Capacity Pursuant to RCW 84.55.120 and an Increase in Limit Factor for Maximum Levy Capacity Pursuant to RCW 84.55.0101 RESOLUTION NO. 2016 - 0%1P
A RESOLUTION OF THE CITY OF ARLINGTON
AUTHORIZING AN INCREASE IN TAX LEVY CAPACITY PURSUANT TO RCW 84.55.120 AND
AN INCREASE IN LIMIT FACTOR FOR MAXIMUM LEVY CAPCITY PURSUANT TO RCW
84.55.0101.
WHEREAS, the City Council of the City of Arlington has met and considered its biennial budget for
the years 2017 - 2018; and
WHEREAS, increases in regular property taxes imposed by the City are limited by Chapter 84.55
RCW so that the regular property tax levy of the City may increase from year to year by an amount equal
to the limit factor (plus increases permitted due to new construction, refunds and increases in value of
state assessed property); and
WHEREAS, pursuant to RCW 84.55.005 and 84.55.0101, the limit factor for the City's 2016 tax levy
(2017 collection) is 1.01 of the City's 2015 tax levy (2016 collection); and
WHEREAS, the highest regular tax that could have been lawfully levied by the City beginning with the
1985 levy is equal to $4,010,114 ("Highest Levy Available"); and
WHEREAS, the City has an ongoing need to provide services to its constituents for public safety,
maintenance and operations; and
WHEREAS, the City has determined it has substantial need and would like to use its levy capacity for
2017, and
WHEREAS, the City is authorized to increase its Highest Levy Available by one percent, which equals
$39,704; and
BE IT RESOLVED, the City Council of the City of Arlington taxing district has determined that due to
a general and operations expense, the City Council finds there is a substantial need to set the levy limit at
one hundred one percent (101%).
PASSED and APPROVED by the Mayor and City Council of the City of Arlington, at a regular meeting
held on the 21 st day of November, 2016.
Barbara Tolbert, Mayor
ATTEST:
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Krist Banfield, City Cle k
APPRO ED AS TO FORM:
St ve f City Attorney