Title
AN ORDINANCE creating the best starts for kids fund; and adding a new section to K.C.C. chapter 4A.200.
Body
PREAMBLE:
At a special election held in King County on November 3, 2015, the qualified electors of King County approved a proposition authorizing a property tax levy in excess of the levy limitations contained in chapter 84.55 RCW for a consecutive six-year period at a first year rate of not more than 14 cents per one thousand dollars of assessed valuation, and limiting annual levy increases to three percent in the five succeeding years, all for the purpose of funding prevention and early intervention strategies to improve the health and well-being of children, youth and their communities. Collection of this additional tax will commence in 2016.
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
NEW SECTION. SECTION 1. There is hereby added to K.C.C. chapter 4A.200 a new section to read as follows:
A. There is hereby created the best starts for kids fund.
B. The fund shall be a first tier fund. It is a special revenue fund.
C. The director of the department of community and human services shall be the manager of the fund.
D.1. The fund shall account for the proceeds of the property tax levy approved by the voters of King County, in accordance with Ordinance 18088 on November 3, 2015, in excess of the levy limitation contained in chapter 84.55 RCW. The six-year levy commencing in 2016, has been approved by the voters for the express purpose of paying costs as outlined in Ordinance 18088, Section 5.
2. Out of the first year's levy proceeds:
a. nineteen million dollars shall be used to plan, provide and administer a youth and family homelessness prevention initiative; and
b. such sums as are necessary to provide for the costs and charges incurred by the county that are attributable to the election.
3. The remaining levy proceeds shall be used to plan, provide and administer the provision of a wide range of ...
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