Set 0.14% tax rate for pension fund override for fiscal year 2022

Labor & City WorkersBudgetFinance Department

In Plain English

The city collects a separate tax beyond regular property taxes to help fund employee pensions. This ordinance sets that additional tax rate at 0.14% for the upcoming fiscal year. Property owners pay this override tax on top of their standard property tax bill.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Melvin WillisSeconded by: Gayle McLaughlin
Passed

7 to 0

Nathaniel BatesAye
Thomas K. ButtAye
Demnlus Johnson IIIAye
Eduardo MartinezAye
Claudia JimenezAye
Gayle McLaughlinAye
Melvin WillisAye