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HomeMy WebLinkAbout21-09• • RESOLUTION NO. 21 -09 A RESOLUTION of the City Council of the City of Port Angeles, Washington, authorizing an increase in the regular property tax levy limit due to substantial need. WHEREAS, pursuant to RCW 35A.33.135, the City Manager is required to provide the City Council with current information on estimates of revenues from all sources, together with estimates submitted by the Finance Director, for consideration of the City's total anticipated financial requirements for the ensuing fiscal year, and the City Council is required to determine and fix by ordinance the amount to be levied by ad valorem taxes; and WHEREAS, the City general fund revenues are decreasing for the second year in a row; these decreases include an almost 15% decrease in 2009 sales tax with a further decrease of over $55,000 in 2010; collections for licenses and permits are projected to be 15% below 2009 estimates, a reduction of nearly $70,000; in 2010, collections for services are expected to decrease almost $60,000 from the 2009 estimated budget; and interest revenue is projected to decline by 55% in 2009, with a further reduction of 23% in 2010; and WHEREAS, these are funds that would be used for public safety, street maintenance, economic development, and preservation of the City's basic, core services; and WHEREAS, the City Council, after duly considering relevant evidence and factors, has determined that, in order to discharge the expected expenses and obligations of the City, there is a substantial need to set the levy limit at 1%. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port Angeles that: Section 1. After thoroughly reviewing the information relating to revenues and • • expenses for 2010, and to ensure adequate funding in future years , the City Council finds and determines that, pursuant to and for purposes of Chapter 84.55 RCW, there is a substantial need to set the 2010 levy limit at 1%. PASSED by the City Council of the City of Port Angeles at a regular meeting of said Council held on the 6th day of October, 2009. [NOTE: requires 5 affirmative votes for passage.] ATTEST: 4/(44,0)aitia JaneMa Hurd, City Clerk William E. Bloor, City Attorney \Legal_ Backup\ ORDINANCES &RESOLUTIONS\ RESOLUTIONS .2009\29.SubstantialNeed_Alt 2_I00109.wpd -2- APPR'OVED AS TO F " r _ OfVIAYOR