The city of Langley’s top revenue source for the 2017 fiscal year will come from property taxes. But, it’s not much of a jump from last year’s figures.
At a public hearing Monday night, the City Council approved a 1 percent increase in its property tax levy to help pay for the general costs of government, city officials said. The 1 percent increase will bring an additional $4,539 to the city next year for a total levy of $416,732. The 2016 levy was $408,094.
It’s the maximum increase junior taxing districts can approve without voter approval.
Another slight raise will come in sales taxes, which will bring in $6,549 more than last year for a total budget of $342,193. The city has an 8.7 percent sales tax in line with the state of Washington and collects .85 cents for every $100 of goods or services purchased in town.
Debbie Mahler, city clerk and treasurer, said in an email that sales tax increases are an estimate based on current and prior year actuals, the amount of building occurring in the city, new businesses and the state of the economy.
Mahler said total revenues in utility taxes — water, sewer and stormwater — are also expected to increase slightly from its total revenue of $190,319 in 2015.
The city also released its preliminary draft budget to The Record ahead of schedule. City officials initially withheld the document, citing state public disclosure rules concerning “draft” documents, but decided to release it early following a story in The Record this past Saturday.
The 2017 draft budget totals $6.6 million, slightly up from the city’s $6.5 million budget last year.
The sewer fund will have a 12 percent rate increase, while water and stormwater funds will increase by 2 percent.