2020/02/26 Council Agenda Packet

2/26/2020- Fire Services More No reduction in $1.13 reduction in $1.50 reduction numbers: Everett's Regular Everett's Regular Everett Regular, Levy Rate Levy Rat* Levy Rate • Deficit Reduction: • Breakeven— no • Deficit increase: $22.6 million deficit reduction $7.5 million • Annual Property • Annual Property • No taxpayer Tax Increase to tax increase to increase Median median Homeowner: $584 homeowner: $144 43 43 Fire Services Banked Capacity: If a taxing district levies less property tax than the maximum amount allowed, the district retains the right to use that "banked" capacity at some future date. "Banked" capacity can be consumed by raising the property tax levy amount by more than 1%via the annual Property Tax Ordinance process until it is ^`- depleted. 44 44 22