HomeMy WebLinkAbout114-09 - Res. Declaring Substantial Need for Purposes of Setting Limit Factor for Current Expense PropertyA RESOLUTION OF THE BOARD OF MASON COUNTY COMMISSIONERS OF
SHELTON \ryASHINGTON, MAKING A DECLARATION OF SUBSTANTIAL NEED
FOR PURPOSES OF THE SETTING THE LIMIT FACTOR FOR THE CURRENT
EXPENSE PROPERTY TAX LEVY FOR THE YEAR 2OIO.
RESOLUTION NO. \t9 -Òet
WHEREAS' RCV/ 84.55.010 provides that ataxing 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 improvements to property, newly
constructed wind turbines, and any increase in the value of state-assessed utility 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 l2-month period by the Bureau of Economic Analysis of the federal
Depaftment 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 Current Expense in2009 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' RCV/ 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, or a majority plus one approval of the board when the board consists of more
than four members;
WHEREAS' the goveming body of the current expense taxing district has determined
that due to reduced revenues, making fuither cuts to the general maintenance and operational
expenses would be difficult, the Board of Commissioners finds that there is a substantial need to
set the levy limit at one hundred one percent.
NO'W, THEREFORE, THE BOARD OF MASON COUNTY COMMISSIONERS
OF THE CURRENT EXPENSE TAXING DISTRICT OF MASON COUNTY
WASHINGTON, DOES RESOLVE AS FOLLOWS:
Section 1. 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 Cunent Expense property tax levy for 2010.
J:\RESOLUTIONSU009\CE Linrir Factor Properry Tax Levy 20l0.doc
A RESOLUTION OF THE BOARD OF MASON COUNTY COMMISSIONERS OF
SHELTON \ryASHINGTON, MAKING A DECLARATION OF SUBSTANTIAL NEED
FOR PURPOSES OF THE SETTING THE LIMIT FACTOR FOR THE CURRENT
EXPENSE PROPERTY TAX LEVY FOR THE YEAR 2010.
RESOLUTION NO. IILI .Oq
ADOPTED this Ø* day of December 2009.
BOARD OF MASON COLTNTY COMMISSIONERS
ATTEST:
nUil\
Tim Strèldon, Chairperson
Gallagher, Commi