Resolution No. 16-018 Finding and Declaring a Substantial Need for Using the 101% Limit Factor Under Revised Code of Washington (RCW) Chapter 84.55 Details: The current implicit price deflator (IPD) limit is under 1% at .953%. This resolution allows Council to approve a 1% property tax increase for the 2017 property tax levy by declaring the City has a "substantial need" for the full 1% to help fund public safety, transportation, parks and recreation and facilities. Presenter: Cathy Huber Nickerson, Finance Director

Committee

CITY COUNCIL REGULAR

Requested by

Finance

Introduced

November 14, 2016

On agenda

November 21, 2016

Passed

November 21, 2016