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HomeMy WebLinkAbout066 09 STATE OF WASHINGTON County of Jefferson In the Matter of a Declaration of a } Financial Emergency in the Jefferson} County Road Fund } RESOLUTION NO. 66-09 WHEREAS, the citizens of Jefferson County depend on County transportation programs and facilities to conduct their lives and their businesses; and WHEREAS, the County confronts an unanticipated economic downturn that has depressed the revenue streams to the County Road Fund; and WHEREAS, the cost of constructing and maintaining County roads continue to rise at a rate above the general rate of inflation; and WHEREAS, Washington State law requires "that each county shall perpetually have available advanced plans looking to the future for not less than six years as a guide in carrying out a coordinated transportation program" (RCW 36.81.121(1)). WHEREAS, on July 27,2009, the Board of County Commissioners adopted Resolution 42-09 adopting the Jefferson County 2010-2015 Transportation Improvement Program of capital transportation projects for each year of the six-year period, including secured and anticipated funding sources for each project; and WHEREAS, the adopted Jefferson County 2010-2015 Transportation Improvement Program totals $23.069 million in anticipated project expenses, of which $12.334 million is secured funding, and $10.735 million for which funding has yet to be secured; and WHEREAS, the adopted Jefferson County 2010-2015 Transportation Improvement Program projection of the Road Fund shows the Road Fund Balance declining over the six year period and dipping below the Cash Reserve Goal by 2015; and WHEREAS, unencumbered excess fund balance in the County Road Fund is what has been relied upon in the past few years to help fund road projects through a lean economy; and WHEREAS, notwithstanding prior efforts to economize by holding open vacant positions and reducing other expenditures, depressed revenue and projected project costs has impacted the County Road Fund to the point that action is required to sustain the 2010-2015 Transportation Improvement Program; and WHEREAS, since 1999, Jefferson County has chosen not to levy the highest lawful levy on property taxes, saving tax payers money during that time, and creating unlevied portions of the maximum property tax levy (known as Banked Capacity) for future years; and RESOLUTION NO. 66-09 WHEREAS, the County Assessor has determined the County Road Fund Levy Banked Capacity for 2009 taxes to be $216,000; and WHEREAS, the Board of County Commissioners has the authority pursuant to state statute and WAC 458-19-065 to levy any or all of the prior year's unlevied portions of the maximum property tax levy (known as Banked Capacity) when setting the ad valorem property tax levies; and WHEREAS, Jefferson County Ordinance No. 18-1220-04 establishes criteria for considering the use of Banked Capacity, including the provision that the Commissioners may by simple majority vote to declare an emergency to exist 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; NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of Jefferson County that as provided in Ordinance No. 18-1220-04 an economic emergency is hereby declared to exist for the reasons previously stated in this Resolution, which requires the use of $216,000 of the County Road Fund Levy Banked Capacity based upon the budget analysis described in this Resolution. APPR<fJVED AND ADOPTED this 30th day of November, 2009. ...-....:..:',~.. ~ ~~;~TYC.O~'. .....f. .~'II(I~ '.' ',', '-', "'" .I'~' .','. ".. ',f " f/'" ",M ",<,.\,... I ..... ., ..t \ ..... . . i I' ". . " . .. t ;' j-- \!' i " \ ~ \. ,I~' " : \" .1" _ I , i. \;':(',." \. I _ t- l.t...., ..- "-,"),..,_...............--~,, - ,,, \'",,{';- '.. -~,/ ~';"t,,~~,~Ott t,IJ,.,)". /~ AJ:lESI:'-<..,-:/ {- / tL-a/ "J~L.-- Brfn ttindgren / .1 Deputy Clerk oft e Board JEFFERSON COUNTY BOARD. ~~ C.. ~. /..S~!NERS d,'/.-' .~ Dav . 'art, air Phil Johnson, Member JO~~