{"id":5244,"date":"2017-12-08T09:23:42","date_gmt":"2017-12-08T17:23:42","guid":{"rendered":"https:\/\/www.yakimawa.gov\/media\/news\/?p=5244"},"modified":"2017-12-08T09:25:54","modified_gmt":"2017-12-08T17:25:54","slug":"city-code-amendment-eliminate-utility-tax-cap-increase-revenues","status":"publish","type":"post","link":"https:\/\/www.yakimawa.gov\/media\/news\/city-code-amendment-eliminate-utility-tax-cap-increase-revenues\/","title":{"rendered":"City Code Amendment to Eliminate Utility Tax Cap, Increase Revenues"},"content":{"rendered":"<p><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">The Yakima City Council approved an amendment to the Yakima Municipal Code that eliminates a cap on utility taxes for large-scale utility customers. The action took place during the Council&#8217;s December 5<\/span><sup><span style=\"color: #000000;font-size: small\">th<\/span><\/sup><span style=\"color: #000000\"> regular business meeting<\/span><\/span><\/p>\n<p><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">\u00a0<\/span><\/span><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">It is anticipated the change will generate $300,000 more in General Fund revenues in 2018. It is also anticipated General Fund revenues will increase by $550,000 beginning in 2019.<\/span><\/span><\/p>\n<p><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">\u00a0<\/span><\/span><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">The cap applied to customers with monthly utility bills over $200,000. As a result, eliminating the cap will impact only the very largest utility customers in Yakima. <\/span><\/span><\/p>\n<p><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">\u00a0<\/span><\/span><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">Research shows that no other Washington cities had utility caps applied like those in the city of Yakima.<\/span><\/span><\/p>\n<p><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">\u00a0<\/span><\/span><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">By state law, the total utility tax rate is limited to 6%.<\/span><\/span><\/p>\n<p><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">\u00a0<\/span><\/span><span style=\"font-size: 11.0pt;font-family: 'Arial',sans-serif;font-weight: normal\"><span style=\"color: #000000\">The Yakima City Council will consider final approval of the 2018 budget during its next meeting at 2:00 pm on Tuesday, December 12<\/span><sup><span style=\"color: #000000;font-size: small\">th<\/span><\/sup><span style=\"color: #000000\">. The meeting will be in Council Chambers at Yakima City Hall, 129 North 2<\/span><sup><span style=\"color: #000000;font-size: small\">nd<\/span><\/sup><span style=\"color: #000000\"> Street. <\/span><\/span><b><span style=\"color: #000000;font-family: Century Gothic\">\u00a0<\/span><\/b><\/p>\n<p><a href=\"https:\/\/www.yakimawa.gov\/media\/news\/wp-content\/blogs.dir\/6\/files\/sites\/6\/Utility-Tax-Cap-Elimination-News-Release.pdf\">Utility Tax Cap Elimination &#8211; News Release<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Yakima City Council approved an amendment to the Yakima Municipal Code that eliminates a cap on utility taxes for large-scale utility customers. The action took place during the Council&#8217;s December 5th regular business meeting \u00a0It is anticipated the change will generate $300,000 more in General Fund revenues in 2018. It is also anticipated General<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[128,202,8],"class_list":["post-5244","post","type-post","status-publish","format-standard","hentry","category-news","tag-budget","tag-utility-tax-cap","tag-yakima-city-council"],"_links":{"self":[{"href":"https:\/\/www.yakimawa.gov\/media\/news\/wp-json\/wp\/v2\/posts\/5244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yakimawa.gov\/media\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yakimawa.gov\/media\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yakimawa.gov\/media\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yakimawa.gov\/media\/news\/wp-json\/wp\/v2\/comments?post=5244"}],"version-history":[{"count":3,"href":"https:\/\/www.yakimawa.gov\/media\/news\/wp-json\/wp\/v2\/posts\/5244\/revisions"}],"predecessor-version":[{"id":5248,"href":"https:\/\/www.yakimawa.gov\/media\/news\/wp-json\/wp\/v2\/posts\/5244\/revisions\/5248"}],"wp:attachment":[{"href":"https:\/\/www.yakimawa.gov\/media\/news\/wp-json\/wp\/v2\/media?parent=5244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yakimawa.gov\/media\/news\/wp-json\/wp\/v2\/categories?post=5244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yakimawa.gov\/media\/news\/wp-json\/wp\/v2\/tags?post=5244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}