Set tax rate for pension fund at 14 cents per $100 property value

Labor & City WorkersBudget

In Plain English

The city collects a separate property tax to fund employee pensions. This sets the rate at 14 cents for every $100 of your property's assessed value for the 2005-2006 budget year. A home valued at $300,000 pays $420 annually in pension taxes under this rate.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember MarquezSeconded by: Councilmember Griffin
Passed

7 to 0

McLaughlinAbstain
Tom ButtAye
ThurmondAye
Irma L. AndersonAye
BatesAye
RogersAye
ViramontesAbsent
MarquezAye
GriffinAye