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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: <br /> An Ordinance Relating to 6/4/14 Briefing COUNCIL BILL# CP)[1-1C -2-3 <br /> Taxes,including Utility Tax Proposed Action Originating Department Finance <br /> and Natural Gas Use Tax,and Consent Contact Person Susy Haugen <br /> repealing Ordinances No. Action Phone Number 425-257-8612 <br /> 2711,3122,4019, 1022-84, 6/4/14 First Reading FOR AGENDA OF 6/4/14 <br /> 1418-87, 1722-90, 2010-94, 6/11/14 Second Reading <br /> 2200-97,2253-97,2342-98 6/18/14 Third Reading <br /> Public Hearing <br /> Budget Advisory Initialed by: <br /> Department Head <br /> CAA <br /> Council President 11091 <br /> � h <br /> Location Preceding Action Attachments Department(s)Approval <br /> Ordinance <br /> Amount Budgeted -0- <br /> Expenditure Required -0- Account Number(s): <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> The City's utility tax rate for electricity,telephone, and natural gas is currently at 4.5%. There is no utility <br /> tax on cable or garbage services at this time. This Ordinance proposes to increase the utility tax rate on <br /> electricity,telephone, and natural gas to 6%,and provides for a 2%tax rate on cable and garbage services, <br /> which grows by 2%per year until it reaches 6%after January 1,2017. <br /> • <br /> RECOMMENDATION: <br /> Adopt the Ordinance relating to taxes, including Utility Tax and Natural Gas Use Tax, and repealing <br /> Ordinances No. 2711, 3122,4019, 1022-84, 1418-87, 1722-90, 2010-94,2200-97,2253-97,2342-98. <br /> 1 <br />