Set tax rate for pension fund at 0.14% for fiscal year 2013-2014

Labor & City WorkersBudget

In Plain English

The city collects a separate property tax to help pay for employee pensions. This ordinance sets that pension tax rate at 0.14% of assessed property value for the upcoming fiscal year. Property owners pay this tax in addition to the regular city property tax.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember MyrickSeconded by: Councilmember Beckles
Passed

7 to 0

McLaughlinAye
MyrickAye
ButtAye
BoozéAye
BatesAye
BecklesAye
RogersAye