In December 2018, the Port of Seattle Commission voted to increase its annual property tax levy by 3 percent, raising it from $72,000,000 to $74,160,000 for the 2019 fiscal year, a difference of $2,160,000. The increase was required to be formally documented under Washington State law (RCW 84.55.120) through a separate resolution specifying both the dollar amount and percentage change. The Commission had previously approved the levy increase as part of its broader 2019 budget adoption in November 2018.Open full document
Notes
This Commission Agenda Memorandum requests introduction, public hearing, and adoption of Resolution No. 3755, which specifies a 3 percent increase in the Port of Seattle’s regular property tax levy from $72,000,000 in 2018 to $74,160,000 in 2019. The increase of $2,160,000 was previously approved as part of the 2019 budget adoption on November 27, 2018. Staff also requests a waiver of the bylaw requiring introduction and adoption of resolutions on separate days to meet King County filing deadlines.