HomeMy WebLinkAboutResolution 15-071-CC BOARD OF COUNTY COMMISSIONERS
Grant County, Washington
A RESOLUTION OF THE GRANT RESOLUTION No. 15- (�� � -CC
COUNTY�OARD OF
COMMISSIONERS, MAKING A
DECLARATION OF SUBSTANTIAL
NEED FOR PURPOSES OF THE
SETTING THE LIMIT FACTOR FOR
THE PROPERTY TAX LEVY FOR 2016-
CURRENT EXPENSE FUND
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 proparty, 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 inflatioti;
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;
WHEREA.S, the rate of inflation(Implicit Price Deflator or IPD ratie) for property taxes
due in 2016 is 0.251 percent", meaning the taxes levied in the Grant County Current Expense in
2015 for 2016 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.
N:\StafflBVasquez\Levy Certification Forms and Process\Levy Substantial Needs of setting the limit factor for the
property tax levy for 2016 Current Expense.docx
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NOW, THEREFORE, THE GRAlVT COUNTY BOARD OF COUNTY
COMMISSIONERS OF GRANT COUNTY, WASHING'I'ON, 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 propei-ty tax levy for 2016 for the Grant County
Cur�ent Expense Fund.
ADOPTED this '�day of���J�m�jEr-�, 2015.
BOARD OF COUNTY
COMMISSIONERS
Yea Nay Abstain GRANT COUNT�' WASHINGTON
� ❑ ❑ .�__..._._ __
Richard Stevens, Chair
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ATTEST: Cindy rter, embe•
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;3 Barbara�J� V quez, .�''� Carolann Swartz, Member+
�`~•°"� Clerk of the oa�d "�
N:\StafflBVasquez\Levy Certification Forms and Process\Levy Substantial Needs of setting the limit factor for the
, properiy tax levy for 2016 Current Expense.docx
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