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2020/02/26 Council Agenda Packet
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2020/02/26 Council Agenda Packet
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3/3/2020 9:14:56 AM
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Council Agenda Packet
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2/26/2020
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General Levy Lid Lifts <br /> Temporary Multi-Year Levy Lid Lifts <br /> • Authorizes a jurisdiction to bump up or exceed the 1% limitation each year for up to six consecutive <br /> years. <br /> • At the end of six years,the levy will revert back to what it would have been before the levy lid lift <br /> • The ballot measure must state the limited purposes for which the levy will be used <br /> • Proceeds must be used for the limited purposes stated in the ballot measure <br /> Multi-Year Levy Lid Lift - Temporary <br /> RCW 84.55.050(2) <br /> r, Up to 6 years <br /> cannot.exceed �r t <br /> m�uamum <br /> levy rate ; <br /> Current maximum Initial lid lift New maximum total levy.increases Lid lift expires.maximum <br /> total levy.increases exceeds 1{Y% more than 1°%annually(up to limit factor total levy reverts to what <br /> up to l%annually annual limit specified in ballot measure) it would have been without <br /> the lift <br /> `! Alternative Service Delivery/Funding Models 29 I P a g e <br />
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