City of Camas - File #: RES 16-018

• File #: RES 16-018
• Version: 1
• Name: Resolution 16-019 Substantial Need Declaration
• Type: Resolution
• Status: Passed
• File created: 11/14/2016
• In control: CITY COUNCIL REGULAR
• On agenda: 11/21/2016
• Final action: 11/21/2016
• Title: Resolution No. 16-018 Finding and Declaring a Substantial Need for Using the 101% Limit Factor Under Revised Code of Washington (RCW) Chapter 84.55 Details: The current implicit price deflator (IPD) limit is under 1% at .953%. This resolution allows Council to approve a 1% property tax increase for the 2017 property tax levy by declaring the City has a "substantial need" for the full 1% to help fund public safety, transportation, parks and recreation and facilities. Presenter: Cathy Huber Nickerson, Finance Director
• Indexes: 2017-2018 Budget, Property Taxes, Resolution
• Related files: REP 16-405, RES 15-019, REP 16-429, ORD 16-023, ORD 16-021, ORD 16-020

Date	Ver.	Action By	Action	Result
11/21/2016	1	CITY COUNCIL REGULAR	read by title only	Pass
11/21/2016	1	CITY COUNCIL REGULAR	adopted	Pass

Title

Resolution No. 16-018 Finding and Declaring a Substantial Need for Using the 101% Limit Factor Under Revised Code of Washington (RCW) Chapter 84.55

Details:  The current implicit price deflator (IPD) limit is under 1% at .953%. This resolution allows Council to approve a 1% property tax increase for the 2017 property tax levy by declaring the City has a "substantial need" for the full 1% to help fund public safety, transportation, parks and recreation and facilities.

Presenter:  Cathy Huber Nickerson, Finance Director

Recommended Action

Recommended Action:  Staff recommends Council move to adopt Resolution No. 16-018.