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el1/44A— <br /> vatigid2 <br /> ORDINANCE NO. 2324-98 <br /> AN ORDINANCE levying the general taxes for the City of Everett for <br /> fiscal year commencing January 1, 1999, on all taxable property, <br /> both real and personal, in said City, subject to taxation thereon, <br /> for the purpose of raising a portion of the revenue to carry on <br /> the different departments of said City for the ensuing year, as <br /> required by the Charter of the City of Everett and the laws of the <br /> State of Washington; <br /> WHEREAS, the City Council of the City of Everett duly and regularly adopted as <br /> required by law the estimate of the amounts required to meet the public expense of said <br /> City for the ensuing year and the amount to be raised by taxation in said City for said <br /> ensuing year from sources other than direct taxation; and <br /> WHEREAS, the City Council of the City of Everett is considering its budget for the <br /> calendar year 1999; and <br /> WHEREAS, the City Council, in the course of considering the budget for 1999 is <br /> reviewing all sources of revenue and is examining all anticipated expenses and <br /> obligations; and <br /> WHEREAS, the qualified electors of the City voted approval in 1995 of an additional <br /> regular property tax in an amount equal to $0.43 per thousand dollars of the assessed <br /> value of property in the City for funding an emergency medical services program; and <br /> WHEREAS, the City Council, by prior resolution has made a finding that there is a <br /> substantial need to increase the regular property tax levy, including the emergency <br /> medical services program levy, above the rate of inflation; and <br /> WHEREAS, RCW 84.55.120 as amended by § 209 Referendum 47 (Chapter 3, § 209, <br /> Laws of Washington 1997)calls for the adoption of a separate ordinance or resolution <br /> specifically authorizing the increase in terms of both dollars and percentage in property <br /> tax revenue, and by Resolution No. 4649 the City Council has made a finding of <br /> substantial need for the increase and authorized the use of the 106 percent limit factor <br /> under Chapter 84.55 RCW as amended by Referendum 47, as well as stating the <br /> amounts and percentages; and <br /> WHEREAS, the general property tax proposed herein is limited by statute to $3.60 per <br /> thousand dollars of assessed valuation, and such limitation will have the effect of <br /> reducing the potential revenues; and <br /> 1 <br />