Set tax rate for pension fund at 0.14% for fiscal year 2019-20

Labor & City WorkersBudget

In Plain English

Richmond collects a special property tax to help pay for city employee pensions. The city council previously approved this 0.14% tax rate in a preliminary vote. This second reading makes the rate official for the 2019-20 budget year.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember BatesSeconded by: Councilmember Willis
Passed

7 to 0

Thomas K. ButtAye
Nathaniel BatesAye
Demnlus Johnson IIIAye
Eduardo MartinezAye
Jael MyrickAye
Melvin WillisAye
Ben ChoiAye