2013 Annual Budget - City of Bremerton

Due to ongoing economic conditions a collection
rate of 95% has been used to estimate revenue, a
1% increase from prior year. With voter approval
of I-747, cities are limited to revenue increases
of the lesser of inflation or one percent
plus new construction each year. In years in
which the inflation rate is less than one percent
there is a hardship provision that allows the City,
if tax vote room is available, to assess up to a one
percent increase. The current year inflation rate
is expected to be above one percent and the
budget includes a levy increase of one percent.
In addition, the EMS tax levy of fifty cents
($0.50) per thousand dollars ($1,000) of assessed
valuation, has been levied with estimated revenue
of $1.2M. Due to a projected decrease in
assessed valuation for taxes levied for collection
in 2012, and the maximum rate of fifty cents per
thousand dollars, anticipated collections, including
delinquencies, will decrease by $114k. The
following tables recap the City’s recent property
tax levy information along with 2013 estimates.
Historical City Assessed Valuation, Property Taxes Levied, and Property Tax Rates - City of Bremerton - 2008 - 2013
Emergency Medical
City
Total
Assessed Valuation
Regular
Services
Bonds
Year Amount Per $1,000 Amount Per $1,000 Amount Per $1,000 Amount Per $1,000
2013 2,399,753,719 6,613,992 2.75 1,199,876 0.50 834,943 0.35 8,648,811 3.60
2012 2,548,965,492 6,522,962 2.56 1,274,482 0.50 778,826 0.31 8,576,270 3.37
2011 2,748,747,794 6,403,390 2.33 1,374,373 0.50 806,031 0.30 8,583,794 3.13
2010 2,899,484,508 6,269,823 2.16 1,449,742 0.50 887,304 0.31 8,606,869 2.97
2009 3,084,741,017 6,045,994 1.96 1,542,370 0.50 886,322 0.29 8,474,686 2.75
2008 3,114,776,428 5,928,119 1.90 980,744 0.32 902,582 0.29 7,811,445 2.51
Historical Ad Valorem Property Tax Rates in the City of Bremerton 2008 - 2013
(Rates in Dollars per $1,000 of Assessed Valuation
Total City of Bremerton
Other Government Agencies
Total
City Emergency School
Collection General City Medical Wash Kitsap Port of District Regional
Year Fund Bonds Services Total Percent State County Bremerton No. 100 PUD Library Total Percent Total
2013 $2.75 $0.35 $0.50 $3.60 27.6% $2.50 $1.14 $0.81 $4.54 $0.08 $0.37 $9.44 72.4% $13.04
2012 2.56 0.31 0.50 3.37 26.3% 2.50 1.14 0.81 4.54 0.08 0.37 9.44 73.7% 12.81
2011 2.33 0.30 0.50 3.13 26.3% 2.38 1.07 0.79 4.14 0.07 0.35 8.79 73.7% 11.92
2010 2.16 0.31 0.50 2.97 27.1% 2.13 0.95 0.77 3.76 0.07 0.32 8.00 72.9% 10.97
2009 1.97 0.29 0.50 2.76 28.3% 2.03 0.90 0.30 3.41 0.06 0.29 6.99 71.7% 9.75
2008 1.90 0.29 0.32 2.51 26.0% 2.03 0.88 0.69 3.19 0.06 0.28 7.13 74.0% 9.64
Note: At time of publication other government agency data unavailable for 2013.
General Fund Overview
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