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AN ORDINANCE relating to the 2001 levy of property taxes in King County for collection in the year 2002; and amending Ordinance 14273, Sections 1, 2, and 3.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Ordinance 14273, Section 1, is hereby amended to read as follows:
The county assessor of King County has certified to the metropolitan King County council that the assessed valuation of the County of King as finally equalized amounts to (($209,830,224,530)) $209,815,162,861 and as adjusted for senior citizens exemptions provided for in RCW 84.36.381 and for omitted assessments in accordance with RCW 84.40.080 is (($208,058,413,042)) $208,045,113,301.
SECTION 2. Ordinance 14273, Section 2, is hereby amended to read as follows:
The metropolitan King County council imposes the levies necessary to fund estimated expenditures for the year 2002 as listed below. These amounts do not include the total of estimated revenues from sources other than taxation, including available surplus and such expenditures as are to be net from bond warrant issues. In accordance with state law, the King County assessor calculated a sum for property taxes available to the county related to new construction, improvements to property, and any increase in the assessed value of state assessed property. In calculating the amount of regular property tax monies needed, the council was cognizant of this sum and it is therefore included in the following levy totals.
FUND TAX
COUNTY
CURRENT EXPENSE
217,900,932
HUMAN SERVICES FUND/MENTAL HEALTH
4,442,368
VETERANS' AID
1,999,066
RIVER IMPROVEMENT
2,363,135
INTER-COUNTY RIVER IMP.
50,000
BOND REDEMPTION - LIMITED
13,493,387
AFIS
11,230,566
UNLIMITED G.O. BONDS
39,500,000
CONSERVATION FUTURES
13,114,389
EMERGENCY MEDICAL SERVICES
((52,457,556)) 52,497,528
TOTAL COUNTY
((356,551,399)) 356,591,371
UNINCORPORATED COUNTY - ROADS
55,069,054
SECTION 3. Ordinance 14273, Section 3, is hereby ...

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