Template revised April 12, 2018.
COMMISSION
AGENDA MEMORANDUM
Item No.
8g
ACTION ITEM
Date of Meeting
December 11, 2018
DATE: December 6, 2018
TO: Stephen P. Metruck, Executive Director
FROM: Dan Thomas, Chief Financial Officer
Michael Tong, Assistant Finance Director – Budget
SUBJECT: Tax Levy increase in 2019 from $72,000,000 to $74,160,000
ACTION REQUESTED
Request Introduction, Public Hearing, and Adoption of Resolution No. 3755: A resolution of the
Port Commission of the Port of Seattle specifying the dollar and percentage change in regular
property levy from the previous year per RCW 84.55.120; providing for an increase of the levy
from $72,000,000 to $74,160,000.
EXECUTIVE SUMMARY
On November 27, 2018, the Port Commission approved, as part of its adoption of the 2019
budget, an increase in the 2019 tax levy to $74,160,000.
Per RCW 84.55.120, the Port is required to adopt a separate levy resolution specifying the
increase in terms of both dollars and percentage. Adoption of Resolution 3755 specifies the levy
will increase from $72,000,000 in 2018 to $74,160,000 in 2019, a 3 percent increase. The total
dollar increase for 2019 is $2,160,000.
In order to resolve procedurally the tax levy increase in time for filing with King County, staff is
requesting Commission waiver of its bylaw that requires introduction and adoption of
resolutions on separate days.
ATTACHMENTS TO THIS REQUEST
Draft Resolution No. 3755
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS
November 27, 2018 – The commission adopted Resolution No. 3751, the port’s 2019
budget, including a tax levy increase.
November 13, 2018 – The commission introduced Resolution No. 3751 and held a public
hearing on the port’s 2019 budget and tax levy increase.
COMMISSION AGENDA – Action Item No. 8g Page 2 of 2
Meeting Date: December 11, 2018
Template revised September 22, 2016; format updates October 19, 2016.
November 24, 2015 – The commission adopted Resolution No. 3713, the port’s 2016
budget, including a reduction of the tax levy from $73,000,000 to $72,000,000.
November 22, 2011 – The commission adopted Resolution No. 3654, the port’s 2012
budget, including a reduction of the tax levy from $73,500,000 to $73,000,000.
November 23, 2009 – The commission adopted Resolution No. 3634, the port’s 2010
budget, including a reduction of the tax levy from $75,899,369 to $73,500,000.
November 20, 2007 – The commission adopted Resolution No. 3591, which separately
authorized a tax levy increase to $75,899,369.
