“The City Council of the City of Yelm has scheduled a public hearing to receive public comment on revenue sources for the 2010 budget year including possible increases in property tax revenues. The meeting will take place as part of the regular council meeting scheduled for Tuesday, November 24th, at 7:00 P.M. in the Public Safety Building, 206 McKenzie Ave., Yelm, WA.
For additional information, please contact Susan Davis, Finance Director, (360) 458-8404,” quoting the notice published in the NVN November 6th.
The City of Yelm Ciity Council can vote a maximum property tax increase of 1% of the $1.3 million budget, which is $13,000 total. That $13,000 is divided amongst the property owners and averages a $26 increase on assessed value for each property, which will be added to the City of Yelm property owners’ taxes if approved, Yelm Finance Director Sue Davis told the Yelm Community Blog. If an assessment goes down, the additional taxes will be less.
Ed. Note: the City of Yelm must cover legal bills for negotiations with a developer to acquire the McMonigle Water Rights, loss of tax reciepts and fees form a defaulted developer in 2009, expenses for an unapproved Draft Water System Plan, among less sales tax revenue, less home sales taxes, less building permits and less from the State!
PLEASE COME AND TELL THE YELM CITY COUNCIL WHAT YOU THINK AT THIS PUBLIC HEARING!