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AN ORDINANCE relating to the 2007 levy of property taxes in King County for collection in the year 2008; and amending Ordinance 15991, Sections 1, 2 and 3.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. The county assessor of King County has certified to the metropolitan King County council that the assessed valuation of the County of King as finally equalized amounts to $((339,426,558,980)) 339,460,186,280.
SECTION 2. The metropolitan King County council imposes the levies necessary to fund estimated expenditures for the year 2008 as listed in this section. These amounts do not include the total of estimated revenues from sources other than taxation, including available surplus and such expenditures as are to be net from bond warrant issues. In accordance with state law, the King County assessor calculated a sum for property taxes available to the county related to new construction, improvements to property, refunds and any increase in the assessed value of state assessed property. In calculating the amount of regular property tax monies needed, the council was cognizant of these sums and they are therefore included in the following levy totals.
FUND TAX
COUNTY
CURRENT EXPENSE $((260,336,544)) 260,317,683
HUMAN SERVICES FUND/MENTAL HEALTH $((5,315,403)) 5,328.411
VETERANS AND HUMAN SERVICES $14,366,946
VETERANS' AID $((2,391,931)) 2,397,784
INTER-COUNTY RIVER IMPROVEMENT $50,000
BOND REDEMPTION - LIMITED $20,104,725
AFIS $17,468,824
UNLIMITED G.O. BONDS $40,000,000
CONSERVATION FUTURES $15,755,647
EMERGENCY MEDICAL SERVICES $((101,827,968)) 101,838,056
PARKS $((16,971,328)) 16,973,008
PARKS EXPANSION $((16,971,328)) 16,973,008
TOTAL COUNTY $((511,560,644)) 511,574,092
UNINCORPORATED COUNTY - ROADS $81,135,147
SECTION 3. The metropolitan King County council certifies the levies of the following taxing districts:
PORT OF SEATTLE $75,899,369
CITIES AND TOWNS
ALGONA $600,929
AUBURN (Ki...
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