RES 16-018
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
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