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HomeMy WebLinkAbout081 08 tC', A~ 0 ' In'cO 1l1J.6!0'3 ~c:sso ( STATE OF WASHINGTON County of Jefferson In the Matter of an Increase for the } Jefferson County Conservation } Futures Levy for 2009 Taxes } RESOLUTION NO, 81-08 WHEREAS, the Board of County Commissioners have properly given notice of the public hearings held the week of October 6, 2008 to consider the County's Budget for the 2009 calendar year, and the public hearing held regarding setting ad valorem tax levies on November 24, 2008, pursuant to RCW 84.55.120; and, WHEREAS, the Board of County Commissioners, after hearing, and after duly considering all relevant evidence and testimony presented, has determined that the County requires an increase in property tax revenue from the previous year, in addition to the increase resulting from the addition of new construction and improvements to property and any increase in the value of state-assessed property, in order to discharge the expected expenses and obligations ofthe County and in its best interest. NOW, THEREFORE, BE IT RESOL VED, by the Board of Commissioners of Jefferson County that an increase in the regular property tax levy, in addition to any amount resulting from the addition of new construction and improvements to property and any increase in the value of state-assessed property, is hereby authorized for the 2009 Conservation Futures Tax levy in the amount of$193,577.83, which is a percentage increase of one (I) percent from the previous year. APPROVED AND ADOPTED this 24th dayof November ,2008. '. . "I . ~., A TTEST~ ' JEFFERSON COUNTY BO~OM~ISSIONERS PhilV~ D"id S"U;'~ r' , ( , ~ , . J A -' / J::::;?:f:::: On ( Deputy Clerk of the Board JEFFERSON COUNTY BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST TO: Board of Commissioners ;:-;;(/;! . ."' Philip Morley, County Administrato~,'t:t;$') Jack Westerman III, County Assessor v if;Jlt:- FROM: DATE: November 24, 2008 RE: Public Hearing on Setting 2009 Ad Valorem Tax Levies for Jefferson County for Levy in 2008 and Collection in 2009 STATEMENT OF ISSUE: A Public Hearing is scheduled at 10 AM on November 24 to take public comment on setting property tax levies for Jefferson County in 2008 for Collection in 2009. This covers levies for the general fund, roads, and conservation futures. ANALYSIS: On November 17, 2008, the Board of County Commissioners received a budget analysis in a memo and briefmg entitled "Update on 2009 Budget Preparation" reflecting updated revenue and expenditure forecasts since the 2009 Preliminary Budget was originally presented on October 6. The analysis, which focused on the General Fund, reflects unanticipated revenue shortfalls and additional County expenditures in 2008, now estimated to total over $1 million, resulting in emergency appropriations drawn from the General Fund, and depleting the amount of excess fund balance available for 2009 and beyond. The County will use the excess fund balance to help maintain existing programs and services for the next several years until the region's economy recovers. The analysis presented on November 17 also reflects the worsening national, state and local economies, as well as normal cost inflation for existing County programs and services in 2009 - 2014. It concludes that significant program and service cuts will be required each year starting in 2009 through 2013 to match expenditures to revenues and retain healthy fund reserves in the General Fund. The analysis showed that if the County does not use Banked Capacity in 2009, an additional $350,000 in program and service cuts would be necessary in 2009, and that further cuts would be necessary in subsequent years. Attached to this Agenda Request are recommended resolutions establishing ad valorem tax levies for the 2009 County General Fund levy, the 2009 County Road levy, and the 2009 Conservation Futures Tax levy. The 2009 proposed Road levy amount and the proposed Conservation Futures Tax levy amount both represent a one percent (1 %) increase from the levy amount in 2008. The 2009 proposed General Fund levy amount includes the one percent increase, plus the use of Banked Capacity of$473,171.68. Jefferson County Ordinance No. 18-1220-04 establishes criteria for considering the use of Banked Capacity, including the provision that the Commissioners may vote by simple majority to declare an emergency by adopting a resolution at a regular public meeting stating the specific nature of an emergency and the basis of determining the amount of Banked Capacity that will be levied. A proposed resolution recognizing the County's current financial emergency is attached. FISCAL IMPACT: As proposed, the amounts that would be levied in 2009 are as follows: Levv 2009 Amount 2009 County General Fund Levy:________________________________$6,675,520.27 2009 County Road Levy:______________________________________________$3,514,035-67 2009 County Conservation Futures Tax Levy:___________$ 193,577.83 Increase from 2008 $534,581.07 $ 34,792.43 $ 1,916.61 If the Board of County Commissioners reduces the proposed levy amounts, commensurate program and service cuts would need to be made or additional depletion offund balance made in the 2009 budget. RECOMMENDATION: After hearing public testimony and upon deliberation, the Board of County Commissioners may adopt 2009 levies as proposed, or may make amendments to any ofthe amounts prior to adoption_ Staff recommends adopting the 2009 levy amounts as proposed_ Staff does not recommend using Banked Capacity in 2009 for the County Road Levy or the Conservation Futures Tax Levy. Staff does recommend using Banked Capacity for the 2009 County General Fund. If the Board of County Commissioners wishes to use Banked Capacity for the General Fund, it must first adopt a resolution pursuant to Jefferson County Ordinance No_ 18-1220-04, declaring an emergency and the basis of determining the amount of Banked Capacity that will be levied. The Board of County Commissioners may adopt the proposed emergency resolution as is, or with amendments. If the Board determines it will not use Banked Capacity, it is not necessary to adopt a resolution declaring an emergency. Pursuant to state law, the Board of County Commissioners must take action to set the 2009 levy amounts and notifY the County Assessor no later than November 30, 2008. REVIEWED BY: !/~-c?as Date