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52.02.160). Under this option, there would also be no banked capacity created by the reduction of <br /> the City's regular levy rate. (RCW 84.55.092) <br /> • If the City opted to form an RFA with a partner agency or join an existing entity,the City could choose <br /> the level of reduction in its regular levy. Under this option, banked capacity would be created in an <br /> amount equal to the amount of the regular levy reduction. <br /> Banked Capacity: <br /> • Banked capacity refers to a situation in which a taxing district levies less than the maximum amount <br /> allowed by law. This occurs most commonly when a taxing district chooses to forgo the 1%annual <br /> increase; however, it would be created by a voluntary reduction in regular levy amount . If the City <br /> reduces its regular levy to promote voter approval of the formation of a fire district or RFA, the <br /> difference between the actual levy and the maximum amount allowed for that year would represent <br /> banked capacity. This amount could then be consumed over time by raising the regular property tax <br /> levy by a rate greater than 1%, which could be used to help balance future budgets. <br /> EMS Levy <br /> • The EMS levy,transport fees, and GEMT revenue, along with all EMS costs, would shift to the RFA or <br /> District. This would have no impact on the general government. The 2020 EMS budget is <br /> $12,465,000. <br /> Fire Benefit Charge: <br /> • A Fire Benefit Charge can be assessed for all three options with super majority voter approval. <br /> o The Fire Benefit Charge is not a tax, so property tax-exempt entities, e.g.,governments and <br /> charitable organizations, are not necessarily exempt. However, certain exemptions do apply. <br /> (RCW 52.18.010) <br /> • 2017 Legislation exempts the following tax-exempt properties from benefit charges: <br /> housing authorities, nonprofit homes for the aging, nonprofit emergency housing, <br /> nonprofit sheltered workshops,very low-income, nonprofit/developmental <br /> disabilities, and state housing finance commission. <br /> o The Fire Benefit Charge must be renewed by public vote every six years. <br /> o The Fire Benefit Charge can only cover up to 60%of the cost of fire services. <br /> o The County Assessor will charge an administrative fee for collecting the Fire Benefit Charge on <br /> behalf of the fire district or RFA. <br /> im <br /> in Alternative Service Delivery/Funding Models 27 I P a g e <br />