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HomeMy WebLinkAboutResolution 09-107-CC (002)BOARD OF COUNTY COMMISSIONERS Grant County, Washington A RESOLUTION OF THE GRANT 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 RESOLUTION No. 09- I &1CC 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 tinted 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 4.8 ten the limit factor is 99.152 percent, meaning the taxes levied in the Grant Coun Road Fun ' 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 84.55.0 101 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 malting it difficult to meet public demands. F:\BVasquez\Resolution-Ordinance\Substantial Needs of setting the limit factor for the property tax levy for 2010.doc Page 1 of 2 NOW, THEREFORE, THE GRANT COUNTY BOARD OF COUNTY COMMSSIONERS OF GRANT COUNTY, WASHINGTON, DOES RESOLVE AS FOLLOWS: Section 1. A finding is made of substantial need under RCW 84.55.0101, which authorizes use of a limit factor of 101 percent for the property tax levy for 2010 for the Grant Coun Road Fund. t �� / ✓ l U�G� ADOPTED this day of &.12009. F:\BVasquez\Resolution-Ordinance\Substantial Needs of setting the limit factor for the property tax levy for 2010.doe Page 2 of 2 BOARD OF COUNTY COMIVUSSIONERS Yea Nay Abstain GRANT COUNTY, WASHINGTON AS INGTON 13 a 13 Cindy Carter, Chair / L9 ❑ ❑ Richard Stevens, Member ❑ o Carolann Swartz, Member F:\BVasquez\Resolution-Ordinance\Substantial Needs of setting the limit factor for the property tax levy for 2010.doe Page 2 of 2