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File #: AM No. 20-174-2   
Type: New Business Status: Agenda Ready
File created: 12/11/2020 In control: City Council Special Meeting
On agenda: 12/10/2020 Final action:
Title: Adoption of the 2021-2022 Biennial Budget Components: 2021 Property Tax Levy; Amending the Redmond Municipal Code to Increase the Business License Fee by the Consumer Price Index; Changes to City of Redmond Fiscal Policies; and Adoption of the 2021-2022 Biennial Budget and Capital Investment Program a. Ordinance No. 3024: An Ordinance of the City of Redmond, Washington, Levying Property Taxes for the City of Redmond for the Fiscal Year Commencing January 1, 2021, on all Property, Both Real and Personal, in Said City which is Subject to Taxation for the Purpose of Paying Sufficient Revenue to Carry on General Operations, Recognize Voter Approved Levy Lid Lifts for Public Safety and Parks for the Ensuing Year as Required by Law b. Ordinance No. 3025: An Ordinance of the City of Redmond, Washington, Amending Sections 5.04.070 and 5.04.080 of the Redmond Municipal Code Increasing the Business License Fee Providing for Referendum, and Establishing an Effective Date c. Ordinance No. 302...
Attachments: 1. Agenda Memo, 2. Attachment A: 2021 Property Tax Ordinance, 3. Attachment B: Business License Ordinance, 4. Attachment C: Fiscal Policies, 5. Attachment D: 2021-2022 Budget Adoption Ordinance, 6. Attachment D, Exhibit D-1: Summary of Budget Changes, 7. Attachment D, Exhibit D-2: Capital Improvement Program Proviso, 8. Attachment D, Exhibit D-3: Final Council Budget Deliberations, 9. Attachment D, Exhibit D-4: Final Issues Matrix and Parking Lot, 10. Attachment D, Exhibit D-5: Final Public Comment Matrix
Date Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Malisa Files
425-556-2166

DEPARTMENT STAFF:
Finance
Kelley Cochran
Deputy Finance Director


TITLE:
title
Adoption of the 2021-2022 Biennial Budget Components: 2021 Property Tax Levy; Amending the Redmond Municipal Code to Increase the Business License Fee by the Consumer Price Index; Changes to City of Redmond Fiscal Policies; and Adoption of the 2021-2022 Biennial Budget and Capital Investment Program

a. Ordinance No. 3024: An Ordinance of the City of Redmond, Washington, Levying Property Taxes for the City of Redmond for the Fiscal Year Commencing January 1, 2021, on all Property, Both Real and Personal, in Said City which is Subject to Taxation for the Purpose of Paying Sufficient Revenue to Carry on General Operations, Recognize Voter Approved Levy Lid Lifts for Public Safety and Parks for the Ensuing Year as Required by Law

b. Ordinance No. 3025: An Ordinance of the City of Redmond, Washington, Amending Sections 5.04.070 and 5.04.080 of the Redmond Municipal Code Increasing the Business License Fee Providing for Referendum, and Establishing an Effective Date

c. Ordinance No. 3026: An Ordinance of the City of Redmond, Washington, Adopting the Final 2021-2022 Biennial Budget of the City Commencing January 1, 2021


OVERVIEW STATEMENT:
Described below are the various ordinances and actions required by Council to approve the 2021-2022 Biennial Budget package.

2020 Property Tax
Pursuant to state law, the City of Redmond may levy property taxes annually for general operations and the payment of debt service on voted bond issues (if any). The Revised Code of Washington (RCW) 85.55.005 allows a jurisdiction over 10,000 in population to raise property taxes by the lesser of the implicit price deflator (IPD) or 1% plus new construction, annexations, and other miscellaneous adjustments (e.g. refunds) with a simple majority vote. In September, the Bureau of Eco...

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