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66 February 25,1976 <br /> TAX 1 INCREASE <br /> 0,00000 <br /> i mslmon.0028 58 2,160,000 1r4 0, 0 <br /> Comparative rates in other cities are as fallow <br /> Everett <br /> Yakima fixed rate based on R of employees <br /> Veecenver .0011 <br /> Seattle .00165 <br /> Tacoma <br /> .001 sw5 <br /> Bellevue .0005 o04 <br /> Bellingham <br /> As the above <br /> relate,Everett's present tax is among <br /> most common igher. Ser- <br /> e0areae Sosed,I me <br /> aacities <br /> ellingham re lower,some hvicee in arsume,on the assump,don ofe assessed <br /> return on appear to capia higher rate be tal <br /> investment investing n the services urea. <br /> A second area of taxation is the Franchise tax. These taxes <br /> are assessed against non- <br /> competitive and exclusive francs se each rectheory to eives inet tdoing <br /> business nour area. <br /> A Schedule ofprojected incremental increases is as follows: <br /> INCREASE <br /> T 1,223,000 209,600 <br /> 68 000 <br /> ,200 409.200 <br /> 8% 1,636,800 613,800 <br /> 98 841,400 818,400 <br /> 000 <br /> 108 2,046,000 1,023,000 <br /> Comparative rates for selected cities are as follows: <br /> Everett 8 <br /> Yakima 78 <br /> Vancouver 5-68 <br /> Seattle 88 <br /> Tacoma 5-68 <br /> Bellevue uN,nown <br /> Bellingham 88 <br /> valsowpay a Bs0 taxi nd Real and <br /> property• Personal taxes <br /> Gambling t also may raised. At this time, <br /> commentfeel any is appropriate other he fact that if serious <br /> consideraiven to tax eases then all taxes should be <br /> addressed ton an ion s interrelated a e basis. <br /> The lap a e <br /> special rl _put the <br /> city into a direct <br /> on with the <br /> The <br /> re subject t to thebe sameoted lawsasschool levies.orate an annual e=C a a <br /> motion aper aasprinted meetingOn the adjourned at 3:20 p.m. Ami <br /> Read anClerk <br />