Drafter
Clerk 11/16/2023
Title
A RESOLUTION relating to the finances of the King County Flood Control Zone District ("District"); authorizing a property tax levy to implement the District's 2024 budget; reserving banked capacity; and protecting up to $.25 per $1,000 of assessed value of the District's property tax levy from proration.
Body
WHEREAS, every year, King County faces threats from flooding, the impacts of which are far-reaching and pose significant threats to public health and safety and economic activities throughout the county, and
WHEREAS, the one hundred-year floodplain in the county covers more than 25,000 acres or almost forty square miles, and
WHEREAS, more than five hundred flood protection facilities throughout the county protect property with an estimated assessed value of more than $7,000,000,000, and
WHEREAS, flood control facilities provide vital protection to the regional economy, and
WHEREAS, one of the most fundamental functions of government is to protect citizens and public and private property from the ravages of natural disasters, such as flooding, and
WHEREAS, the board of supervisors of the King County Flood Control Zone District ("District"), after holding a hearing on November 14, 2023, and after duly considering all relevant testimony presented, desires to increase its property tax revenue from the previous year by the additional amounts permitted under RCW 84.55.010, if any, resulting from new construction, improvements to property, newly constructed wind turbine, solar, biomass and geothermal facilities, any increase in the value of state-assessed property, any annexations that have occurred, and refunds made, and
WHEREAS, the board of supervisors finds it necessary to protect the District's tax levy from prorationing by imposing up to $0.25 per $1,000 of assessed value of the levy outside of the $5.90 per $1,000 assessed value limitation under RCW 85.52.043(2), and
WHEREAS, the board of supervisors duly considering...

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