Executive/Council Action Form (ECAF)
ITEM TITLE:
Title
Budget Ordinance 24-075, authorizing an increase in general tax revenues for property taxes collected in 2025 and 2026
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DEPARTMENT: Finance
ORIGINATOR: Debbi Mock
EXECUTIVE RECOMMENDATION: Approved by Ken Klein 9/4/24
PURPOSE: An ordinance authorizing an increase in the 2025 and 2026 general property tax levy.
BACKGROUND: This ordinance authorizes an increase of 4.0446 percent, which includes the 1.0 percent statutory increase to the general levy amount for Snohomish County general property tax as authorized per RCW 84.55.0101, as well as 3.0446 percent banked capacity. The ordinance also authorizes an increase of 4.0% in 2026 which includes the 1.0 percent statutory increase to the general levy amount for Snohomish County general property tax as authorized per RCW 84.55.0101, as well as 3.0 percent banked capacity.
FISCAL IMPLICATIONS:
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EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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TOTAL |
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REVENUE: FUND, AGY, ORG, REV, SOURCE |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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$4,152,796 |
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TOTAL |
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DEPARTMENT FISCAL IMPACT NOTES: Click or tap here to enter text.
CONTRACT INFORMATION:
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AMOUNT |
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AMENDMENT |
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OTHER DEPARTMENTAL REVIEW/COMMENTS: Reviewed/approved by Finance - Nathan Kennedy 9/4/24