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HomeMy WebLinkAbout2020-102 - Res. Declaration Substantial Need for Setting the Limit Current Expense Property Tax Levy RESOLUTION NO. 2020-102 A RESOLUTION OF THE BOARD OF MASON COUNTY COMMISSIONERS, MAKING A DECLARATION OF SUBSTANTIAL NEED FOR PURPOSES OF SETTING THE LIMIT FACTOR FOR THE CURRENT EXPENSE PROPERTY TAX LEVY FOR THE YEAR 2021 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 of the most recent three years plus additional amounts resulting from new construction and improvement to property, newly constructed wind turbines, and any increase in the value of state-assessed property; WHEREAS, RCW 84.55.005 (2) (c),the limit factor for a taxing jurisdiction with a population of 10,000 or over is the lesser of 101 percent or 100 percent plus inflation; WHEREAS, RCW 84.55.005 (1) defines "inflation" as the percentage change in the implicit price deflator for personal consumption expenditures for the United States as published for the most recent 12-month period by the Bureau of Economic Analysis of the federal Department of Commerce in September of the year before the taxes are payable; WHEREAS, "inflation"for August 2020 is 0.60152 percent and the limit factor is 100.60152 Percent; WHEREAS, RCW 84.55.0101 provides for use of a limit factor of 101 percent or less with a finding of substantial need by two-thirds of the members when the board consists of four members or less; WHEREAS,the Board of Mason County Commissioners finds that due to increased operating costs there is a substantial need to set the levy limit at one hundred one percent. NOW THEREFORE, the Mason County Board of Commissioners of the Current Expense Taxing District of Mason County, Washington, does hereby resolve that a finding is made of substantial need under RCW 84.55.0101, which authorizes the use of a limit factor of 101 percent for the Current Expense property tax levy for 2021. Approved this klc ay of nbveVA\X1r , 2020. ATTEST: BOARD OF COUNTY COMMISSIONERS MASON COUNTY,WASHINGTON McKenzie Sm h, Clerk of the Board Sharon Tras ,Chair APPROVED AS TO FORM: Ran Neatherlin, Commissioner Tim Whitehead, Chief DPA Kevin Shutty, ommissioner C:All Mason County Departments