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Resolution 17-009-CC BOARD OF COUNTY COMMISSIONERS ; Grant County,Washington , A RESOLUTION RESCINDING RESOLUTION No. 17- �C)`� -CC RESOLUTION 1\TO. 16-203-CC OF THE GRANT COUNTY BOARD OF COMMISSIONERS,AND AMENDING THE PREVIOUS DECLARATION OF � SUBSTANTIAL NEED FOR PURPOSES � OF THE SETTING THE LIMIT FACTOR FOR THE PROPERTY TAX LEVY FOR ' 2017—COUNTY ROAD 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 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; WI3EREAS, 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, the rate of inflation(Implicit Price Deflator or IPD rate) for property taxes due in 2017 is 0.953 percent", meaning the taxes levied in the Grant County Road Fund in 2016 for 2017 will decrease, except for the amounts resulting from new construction and improvements to propei�ty, 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 percant 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 2017 Road Fund AMENDED.docx Page 1 of 2 NOW, THEREFORE, THE GRANT COUNTY BOARD OF COUNTY COMMISSIONERS OF GRANT COUNTY, WASHINGTON, DOES R.ESOLVE AS FOLLOWS: Section 1. The Board rescinds Resolution No. 16-203-CC which set the limit factor at 0.890335 percent and amends as follows: 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 2017 for the Grant County Road Fund. ADOPTED this�day of �j�.rv.�r , 2017. BOARD OF COUNTY COMMISSIONERS Yea Nay Abstain GRANT COUNTY,WASHINGTON ❑ ❑ ❑ C,�� C/�5 c�-��� Cindy Carter, Chair m''� ❑ ❑ � --- ,�- TTEST: Richard Stevens, Vice-Chair ' r' ��M Pr , �,'.� G� ❑ ❑ �� � --� 1�L�.�-' � B�rbara J. Va u Z;'' Tom Taylor, ember lerk of the Boar� N:\StafflBVasquez\Levy Certification Forms and Process\Levy Substantial Needs of setting the limit factor for the property tax levy for 2017 Road Fund AMENDED.docx Page 2 of 2