HomeMy WebLinkAboutResolution 10-008-CCBOARD OF COUNTY COMMISSIONERS
Grant County, Washington d
A RESOLUTION OF THE GRANT RESOLUTION No. 10- pO °-CC
COUNTY BOARD OF COUNTY
COMMISSIONERS, MAKING A
DECLARATION OF SUBSTANTIAL
NEED FOR PURPOSES OF THE
SETTING THE LIMIT FACTOR FOR
THE PROPERTY TAX LEVY FOR 2010
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 improvements to property, newly
constructed wind turbines. and any increase in the value of state -assessed utility property;
WHEREAS, under 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 July 2009 is —0.848 percent and the limit factor is 99.152
percent, meaning the taxes levied in the Grant County Current Expense in 2009 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, 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, or a majority plus one approval of the board when the board consists of more
than four members;
WHEREAS, due to a decrease in sales tax and total revenues and due to substantial cuts
in expenditures making it difficult to meet public demands.
F:\BVasquez\Resolution-Ordinance\SubstantiaI Needs of setting the limit factor for the property tax levy for 2010
Current Expense.doc
Page 1 of 2
NOW, THEREFORE, THE GRANT COUNTY BOARD OF COUNTY
COMMISSIONERS OF GRANT 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 property tax levy for 2010 for the Grant County
Current Expense Fund.
ADOPTED this I (Pay , 2009.
Yea/
C5/
n rrr c"r.
BOARD OF COUNTY
COMMISSIONERS
Nay Abstain CRANT COUNT , WASHINGTON
Ctndy C er, Chair
❑ ❑ o
Richard Stevens, Member
❑ ❑ 6�6�
Carolann Swartz, Member
F:\BVasquez\Resolution-Ordinance\Substantial Needs of setting the limit factor for the property tax levy for 2010
Current Expense.doc
Page 2 of 2