LETTER: Less Revenues Forecast For Area Y By King County

EDITOR’S NOTE: The following is a letter sent to the Burien City Council, and re-printed here with permission:

Please exercise your fiduciary responsibility before proceeding any further down the road to financial disaster that annexation of Area Y will ensure (see below and attached).

Members of the Burien City Council ā€“

Yesterday, I received a document from the King County Assessor’s Office regarding Area Y/White Center/North Highline.

While it was only a preliminary draft, it shows Area Y as decreasing in taxable land value by $126,295,650 for the year 2012. This is significantly lower than Berk or the City of Burien projected the value of the land to be in the report and the application. Of course, this means less monies coming into Burien should they annex the area. The Assessor’s office anticipates that the Fire District will receive $189,443 dollars less next year to operate in Area Y. Area Y land values dropped by 17% and remember that Berk projected in its report that land values would continue to rise by 2% annually in the area-that is a difference of 19% from the report to the reality of the situation. I am still waiting to hear the approx. amount less of total dollars this will bring in to operate the area in 2012.

You will recall the the Assessor’s office notified Burien that the City will receive approx. $467,000+ less monies to operate the City in 2012 due to the declining land values in Burien-the core area of the City dropped by 8.+% and the newly annexed area dropped by 12 to 17%. Again Berk assumed that values in the city would increase by 2% in Burien.

Clearly, the City will receive a significantly lower amount of revenues than anticipated. The assumptions about revenues in the Berk report draft are no longer valid and will not be valid for a number of years-if ever. This is a point that will be made about the Draft Berk Report and the assumptions for revenues that the report is based upon-to the Boundary Review Board.

Please see attached the document from King County .

Also, I received a letter that clearly states that the Highline School District would receive more monies for the north end schools, if Area Y were to annex to Seattle.

John and Linda Poitras

Here is a screenshot of the spreadsheet referenced in this letter; you can also download a PDF here and an .xls here.

Click image to see larger version.

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