Set tax rate for pension fund override

Labor & City WorkersBudget

Resolution Ordinance No. 12-21 N.S.

In Plain English

The city must set an annual tax rate to fund employee pension obligations above the normal budget. This override tax generates additional revenue specifically for retirement benefits. The rate determines how much extra property tax residents pay beyond regular city services.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember WillisSeconded by: Vice Mayor Johnson III
Passed