Set pension fund tax rate at 0.14% for fiscal year 2018

Labor & City WorkersBudget<UNKNOWN>

Resolution Ordinance No. 9-17 N.S.

In Plain English

The city collects a separate property tax to fund employee pensions. This law sets the rate at 0.14% of your property's assessed value for the upcoming fiscal year. If approved, a home valued at $300,000 pays $420 annually for the pension fund.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember MyrickSeconded by: Councilmember Choi
Passed

6 to 0

Thomas K. ButtAye
Ben ChoiAye
Eduardo MartinezAye
Gayle McLaughlinAye
Jael MyrickAye
Melvin WillisAye
Jovanka BecklesAbsent